Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings per share have been calculated as follows:



(Expressed in thousands, except number of shares and per share amounts)
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2020		2019		2020		2019
Basic weighted average number of shares outstanding	12,640,463		12,976,235		12,768,096		12,998,168
Net dilutive effect of share-based awards, treasury method ⁽¹⁾	484,192		885,518		501,398		859,448
Diluted weighted average number of shares outstanding	13,124,655		13,861,753		13,269,494		13,857,616

Net income	$	17,649	$	12,375	$	25,467	$	23,569

Earnings per share
Basic	$	1.40	$	0.95	$	1.99	$	1.81
Diluted	$	1.34	$	0.89	$	1.92	$	1.70

(1) For both the three and six months ended June 30, 2020, the diluted earnings per share computation does not

include the anti-dilutive effect of 10,770 shares of Class A Stock granted under share-based compensation

arrangements (7,628 shares for both the three and six months ended June 30, 2019).