EQUITY AND EPS (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Earnings Per Share, Basic and Diluted

The computations of basic and diluted EPS:


	Year Ended December 31,
	2022		2021		2020
Operations:
Net income(a)	$	108,872	$	90,817	$	40,345
Net loss attributable to noncontrolling interest	590		490		—
Income attributable to participating securities (unvested shares and units) (b)	(871)		(712)		(261)
Net income used in EPS calculation	$	108,591	$	90,595	$	40,084

Share information:
Basic weighted average common shares(c)	22,002,990		20,719,663		16,937,125
Diluted weighted average common shares(d)	22,053,966		20,719,663		16,937,125

Basic EPS	$	4.94	$	4.37	$	2.37
Diluted EPS	$	4.92	$	4.37	$	2.37

(a)Net income attributable to all shareholders.

(b)Participating securities included 177,398, 163,024, and 110,665 unvested restricted stock units (“RSUs”) for the years ended December 31, 2022, 2021, and 2020, respectively.

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

(d)The impacts of the Convertible Senior Notes were included in the diluted weighted average common shares if the inclusion was dilutive. The Convertible Senior Notes would only have a dilutive impact if the average market price per share during the quarter and year to date period exceeds the conversion price of $96.24 per share. There was no dilutive impact for the years ended December 31, 2021, and 2020.

Schedule of Common Stock Activity

Common Stock Share Activity.


	Shares Outstanding
	Capital Stock Preferred	Common Stock
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
Issuance of Common Stock	—	38,760
Repurchase of Common Stock	—	(9,032)
Balance, December 31, 2022	437	21,994,042

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)
2022
February 22	March 11	March 25	$	0.12	$	0.12	$	2,638	$	23	$	2,661
May 5	May 20	June 3	0.12		0.12		2,638		23		2,661
August 4	August 19	September 2	0.12		0.12		2,639		23		2,662
November 3	November 18	December 2	0.12		0.12		2,639		23		2,662
			$	0.48	$	0.48	$	10,554	$	92	$	10,646
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

(a) Dividend equivalent payments on unvested participating securities (see Note 11, Employee Benefit Plans).

(b) Includes estimated forfeitures.