Equity and EPS (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Basic and Diluted EPS

The computations of basic and diluted EPS:

	Quarter Ended March 31,
	2023		2022
Operations:
Net income(a)	$	31,032	$	37,371
Net loss attributable to noncontrolling interest	39		66
Income attributable to participating securities (unvested shares and units)(b)	(311)		(318)
Net income used in EPS calculation	$	30,760	$	37,119
Share information:
Basic weighted average common shares(c)	22,040,224		21,989,100
Diluted weighted average common shares(d)	22,072,271		21,989,100
Basic EPS	$	1.40	$	1.69
Diluted EPS	$	1.39	$	1.69

(a)Net income attributable to all shareholders.

(b)Participating securities included 227,810 and 189,297 unvested restricted stock units (“RSUs”) at March 31, 2023 and 2022, respectively.

(c)Under the two-class method, basic weighted average common shares exclude 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 quarter ended March 31, 2022.

Schedule of Common Stock Activity

Common Stock Share Activity. The following table presents the Company’s share activity:

	Shares Outstanding
	Capital Stock Preferred	Common Stock
Balance, December 31, 2022	437	21,994,042
Issuance of Common Stock	—	23,324
Repurchase of Common Stock (a)	—	(8,437)
Balance, March 31, 2023	437	22,008,929

	Shares Outstanding
	Capital Stock Preferred	Common Stock
Balance, December 31, 2021	437	21,964,314
Issuance of Common Stock	—	29,807
Repurchase of Common Stock (a)	—	(9,021)
Balance, March 31, 2022	437	21,985,100

(a)The Common Stock repurchases were for tax withholding on equity based compensation.