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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2018
EARNINGS PER SHARE  
Schedule of computation of basic and diluted earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

Six Months Ended 

 

 

 

June 30

 

June 30

 

 

    

2018

    

2017

    

2018

    

2017

 

 

 

(in thousands, except share and per share data)

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,233

 

$

15,777

 

$

11,187

 

$

8,370

 

Effect of unvested restricted stock awards

 

 

(4)

 

 

(65)

 

 

(31)

 

 

(50)

 

Adjusted net income

 

$

1,229

 

$

15,712

 

$

11,156

 

$

8,320

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares

 

 

25,670,325

 

 

25,767,791

 

 

25,656,674

 

 

25,726,363

 

Earnings per common share

 

$

0.05

 

$

0.61

 

$

0.43

 

$

0.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,233

 

$

15,777

 

$

11,187

 

$

8,370

 

Effect of unvested restricted stock awards

 

 

(4)

 

 

(64)

 

 

(30)

 

 

(50)

 

Adjusted net income

 

$

1,229

 

$

15,713

 

$

11,157

 

$

8,320

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares

 

 

25,670,325

 

 

25,767,791

 

 

25,656,674

 

 

25,726,363

 

Effect of dilutive securities

 

 

1,029,224

 

 

523,850

 

 

996,608

 

 

652,073

 

Adjusted weighted-average shares and assumed conversions

 

 

26,699,549

 

 

26,291,641

 

 

26,653,282

 

 

26,378,436

 

Earnings per common share

 

$

0.05

 

$

0.60

 

$

0.42

 

$

0.32