EQUITY AND EPS (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Earnings Per Share, Basic and Diluted

The computations of basic and diluted EPS:


	Year Ended December 31,
	2021		2020		2019
Operations:
Net income(a)	$	90,817	$	40,345	$	38,793
Net loss attributable to noncontrolling interest	490		—		—
Income attributable to participating securities (unvested shares and units) (b)	(712)		(261)		(253)
Net income used in EPS calculation	$	90,595	$	40,084	$	38,540

Share information:
Basic weighted average common shares(c)	20,719,663		16,937,125		17,012,288
Diluted weighted average common shares(D)	20,982,453		16,937,125		17,012,288

Basic EPS	$	4.37	$	2.37	$	2.27
Diluted EPS	$	4.34	$	2.37	$	2.27

(a)Net income attributable to all shareholders.

(b)Participating securities included RSUs of 163,024, 110,665, and 111,365 for the years ended December 31, 2021, 2020, and 2019, respectively.

(c)Under the two class method, basic weighted average common shares exclude outstanding unvested participating securities.

(d)Diluted weighted average common shares included the dilutive effect of Convertible Senior Notes of 262,790 shares for the year end December 31, 2021. There was no dilutive impact for the years ended December 31, 2020 and 2019.

Schedule of Common Stock Activity

Common Stock Share Activity.


	Shares Outstanding
	Capital Stock Preferred	Common Stock
Balance, December 31, 2019	437	17,028,125
Issuance of Common Stock	—	57,278
Repurchase of Common Stock	—	(169,541)
Balance, December 31, 2020	437	16,915,862
Issuance of Common Stock	—	5,060,339
Repurchase of Common Stock	—	(11,887)
Balance, December 31, 2021	437	21,964,314

Schedule of Dividends

Dividends and Dividend Equivalents.


Dividend and Dividend Equivalent Information (per Share and Unit)
Declaration date	Record date	Payment date	Declared		Paid		Dividend payment		Dividend equivalent payment(a)(b)		Total payment(b)
2021
February 23	March 12	March 26	$	0.12	$	0.12	$	2,033	$	19	$	2,052
May 3	May 21	June 4	0.12		0.12		2,635		20		2,655
August 2	August 20	September 3	0.12		0.12		2,635		20		2,655
November 1	November 19	December 3	0.12		0.12		2,635		20		2,655
			$	0.48	$	0.48	$	9,938	$	79	$	10,017
2020
February 24	March 13	March 27	$	0.12	$	0.12	$	2,047	$	13	$	2,060
April 28	May 22	June 5	0.12		0.12		2,027		14		2,041
July 28	August 21	September 4	0.12		0.12		2,029		14		2,043
October 27	November 20	December 4	0.12		0.12		2,030		14		2,044
			$	0.48	$	0.48	$	8,133	$	55	$	8,188
2019
February 25	March 13	March 29	$	0.10	$	0.10	$	1,701	$	13	$	1,714
April 29	May 15	May 31	0.10		0.10		1,702		11		1,713
July 29	August 14	August 30	0.10		0.10		1,703		11		1,714
October 29	November 14	November 26	0.10		0.10		1,703		12		1,715
			$	0.40	$	0.40	$	6,809	$	47	$	6,856

(a) Dividend equivalent payments on unvested participating securities (see Note 11).

(b) Includes estimated forfeitures.