Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below.

	Three Months Ended							Three Months Ended
	September 30, 2020							September 30, 2019
	Income			Shares		Per Share		Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount		(Numerator)			(Denominator)		Amount
Net income	$	15,390						$	5,853
Less: Income attributable to participating securities		(865	)						(325	)
Basic Earnings Per Share:
Income allocated to common stockholders		14,525			7,356	$	1.97		5,528			7,531	$	0.73
Effect of Dilutive Securities:
Stock options		—			37				—			8
Convertible senior notes*		1,903			2,284				—			—
Diluted Earnings Per Share:
Income available to common stockholders and assumed conversions	$	16,428			9,677	$	1.70	$	5,528			7,539	$	0.73

	Nine Months Ended							Nine Months Ended
	September 30, 2020							September 30, 2019
	Income			Shares		Per Share		Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount		(Numerator)			(Denominator)		Amount
Net income	$	24,873						$	20,144
Less: Income attributable to participating securities		(1,309	)						(1,114	)
Basic Earnings Per Share:
Income allocated to common stockholders		23,564			7,350	$	3.21		19,030			7,644	$	2.49
Effect of Dilutive Securities:
Stock options		—			17				—			14
Convertible senior notes		5,787			2,330				6,828			2,745
Diluted Earnings Per Share:
Income available to common stockholders and assumed conversions	$	29,351			9,697	$	3.03	$	25,858			10,403	$	2.49

For the three months ended September 30, 2019, convertible senior notes were excluded due to anti-dilutive effect.