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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings per Share and Weighted Average Shares Outstanding Used in Calculating Basic and Diluted Earnings per Share

The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Net income

 

$

11,873

 

 

$

8,414

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

32,692,895

 

 

 

33,573,411

 

Dilutive effect of stock options, restricted stock awards and restricted stock units

 

 

176,254

 

 

 

159,924

 

Diluted weighted average shares of Common Stock outstanding

 

 

32,869,149

 

 

 

33,733,335

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.36

 

 

$

0.25

 

Diluted earnings per share

 

$

0.36

 

 

$

0.25

 

 

Common Stock Issuable upon Exercise of Certain Stock Options

The following table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Anti-dilutive securities share impact

 

 

682,741

 

 

 

396,500