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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2019
EARNINGS PER SHARE.  
Schedule of computation of EPS

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(In thousands, except per share data)

    

2019

    

2018

    

2017

Net income

 

$

51,691

 

$

39,227

 

$

20,539

Dividends paid on and earnings allocated to participating securities

 

 

(1,096)

  

 

(853)

 

 

(415)

Income attributable to common stock

 

$

50,595

 

$

38,374

 

$

20,124

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, including participating securities

 

 

19,952

  

 

19,875

 

 

19,759

Weighted average participating securities

 

 

(424)

  

 

(434)

 

 

(404)

Weighted average common shares outstanding

 

 

19,528

  

 

19,441

 

 

19,355

Basic earnings per common share

 

$

2.59

 

$

1.97

 

$

1.04

 

 

 

 

 

 

 

 

 

 

Income attributable to common stock

 

$

50,595

 

$

38,374

 

$

20,124

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

19,528

  

 

19,441

 

 

19,355

Incremental shares from assumed conversions of options and restricted stock units

 

 

31

  

 

27

 

 

24

Weighted average common and equivalent shares outstanding

 

 

19,559

  

 

19,468

 

 

19,379

Diluted earnings per common share

 

$

2.59

 

$

1.97

 

$

1.04