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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2019
EARNINGS PER SHARE.  
Schedule of computation of EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

(In thousands, except per share data)

    

2019

    

2018

    

2019

    

2018

Net income

 

$

13,903

 

$

6,547

 

$

37,483

 

$

25,363

Dividends paid on and earnings allocated to participating securities

 

 

(294)

  

 

(145)

 

 

(797)

 

 

(550)

Income attributable to common stock

 

$

13,609

 

$

6,402

 

$

36,686

 

$

24,813

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, including participating securities

 

 

19,958

  

 

19,890

 

 

19,950

 

 

19,869

Weighted average participating securities

 

 

(422)

  

 

(438)

 

 

(425)

 

 

(435)

Weighted average common shares outstanding

 

 

19,536

  

 

19,452

 

 

19,525

 

 

19,434

Basic earnings per common share

 

$

0.70

 

$

0.33

 

$

1.88

 

$

1.28

 

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to common stock

 

$

13,609

 

$

6,402

 

$

36,686

 

$

24,813

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

19,536

  

 

19,452

 

 

19,525

 

 

19,434

Incremental shares from assumed conversions of options and restricted stock units

 

 

32

  

 

33

 

 

27

 

 

27

Weighted average common and equivalent shares outstanding

 

 

19,568

  

 

19,485

 

 

19,552

 

 

19,461

Diluted earnings per common share

 

$

0.70

 

$

0.33

 

$

1.88

 

$

1.28