Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Summary of Earnings Per Share

Earnings per share have been calculated as follows:

(Expressed in thousands, except number of shares and per share amounts)
	For the Three Months Ended March 31,
	2019		2018
Basic weighted average number of shares outstanding	13,020,344		13,239,628
Net dilutive effect of share-based awards, treasury method (1)	830,977		737,864
Diluted weighted average number of shares outstanding	13,851,321		13,977,492
Net income	$	11,194	$	6,705
Net income per share
Basic	$	0.86	$	0.51
Diluted	$	0.81	$	0.48

(1) For the three months ended March 31, 2019, the diluted net income per share computation does not

include the anti-dilutive effect of 7,628 shares of Class A Stock granted under share-based

compensation arrangements (4,050 shares for three months ended March 31, 2018).