XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.21.1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 14 – EARNINGS PER SHARE Earnings per share (“EPS”) is computed by dividing reported net income by the weighted-average number of shares outstanding. Diluted EPS considers the potential dilution that could occur if common stock equivalents were exercised or converted into stock. The difference between the basic and diluted weighted-average equivalent shares with respect to the Company’s EPS calculation was due entirely to the assumed exercise of stock options and the vesting and settlement of RSUs and PSAs. PSAs are included in the computation of diluted shares only to the extent that the underlying performance conditions (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were also the end of the applicable performance period and the result would be dilutive under the treasury stock method. As of March 31, 2021, the PSAs granted during the year ended December 31, 2019 met the related performance conditions for the initial performance period and were included in the calculation of diluted EPS. However, the PSAs granted during the year ended December 31, 2020 and during the three months ended March 31, 2021 have not yet completed their initial two-year performance period and therefore were excluded in the calculation of diluted EPS. For the three months ended March 31, 2021 there were 10,327 weighted-average shares excluded from the calculation of EPS because they were anti-dilutive. The anti-dilutive shares were associated with RSUs. There were no shares excluded from the calculation of EPS for the three months ended March 31, 2020. The dilutive effect of stock options, RSUs, and PSAs for each period reported is summarized below:
|  | Three Months Ended |
|  | March 31, |
|  | 2021 |  |  | 2020 |
Net Income |  | $ | 18,351 |  |  | $ | 10,612 |
Weighted-average number of basic shares outstanding during the period |  |  | 18,885 |  |  |  | 18,840 |
Dilutive effect of stock options, RSUs, and performance shares |  |  | 233 |  |  |  | 357 |
Weighted-average number of diluted shares outstanding during the period |  |  | 19,118 |  |  |  | 19,197 |
Basic earnings per share |  | $ | 0.97 |  |  | $ | 0.56 |
Diluted earnings per share |  | $ | 0.96 |  |  | $ | 0.55 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration