XML 64 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following is an analysis of basic and diluted EPS, reflecting the application of the two-class method, as described below:
 
For The Year Ended
December 31,
 
2017
 
2016
 
2015
Net income
$
28,476

 
$
40,067

 
$
20,952

Dividends and undistributed earnings allocated to participating securities(1)
(118
)
 
(189
)
 
(59
)
Net income available to common shareholders
$
28,358

 
$
39,878

 
$
20,893

Weighted-average common shares outstanding for basic EPS
15,509,665

 
15,422,160

 
12,031,294

Dilutive effect of stock-based awards(2)
78,682

 
82,079

 
43,285

Weighted-average common and potential common shares for diluted EPS
15,588,347

 
15,504,239

 
12,074,579

Earnings per common share:
  

 
  

 
  

Basic EPS
$
1.83

 
$
2.59

 
$
1.73

Diluted EPS
$
1.82

 
$
2.57

 
$
1.73

Awards excluded from the calculation of diluted EPS(3):
 
 
 
 
 
Stock options
—

 
—

 
19,875

(1)
Represents dividends paid and undistributed earnings allocated to nonvested stock-based awards that contain non-forfeitable rights to dividends.
(2)
Represents the effect of the assumed exercise of stock options, and vesting of restricted shares and restricted stock units, and issuance of LTIP awards that have met the performance criteria, utilizing the treasury stock method.
(3)
Represents stock-based awards not included in the computation of potential common shares for purposes of calculating diluted EPS as the exercise prices were greater than the average market price of the Company's common stock, and, therefore, are considered anti-dilutive.