XML 73 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Earnings Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
Calculation of basic earnings per share (Basic EPS) and diluted earnings per share (Diluted EPS) is shown below.
 
Year ended December 31,
(In thousands, except share and per share data)
2019
 
2018
 
2017
Basic
 
 
 
 
 
Net income available to common shareholders
$
81,718

 
$
82,308

 
$
52,494

Less: income attributable to unvested stock-based compensation awards
(1,306
)
 
(1,315
)
 
(818
)
Net earnings allocated to common shareholders
80,412

 
80,993

 
51,676

 
 
 
 
 
 
Weighted average shares outstanding, including unvested stock-based compensation awards
15,149,535

 
15,283,914

 
15,193,438

 
 
 
 
 
 
Less: average unvested stock-based compensation awards
(242,478
)
 
(244,685
)
 
(243,006
)
Weighted average shares outstanding - Basic
14,907,057

 
15,039,229

 
14,950,432

 
 
 
 
 
 
Diluted
 
 
 
 
 
Net earnings allocated to common shareholders
80,412

 
80,993

 
51,676

 
 
 
 
 
 
Weighted average shares outstanding - Basic
14,907,057

 
15,039,229

 
14,950,432

 
 
 
 
 
 
Plus: incremental shares from assumed conversion of stock-based compensation awards
66,894

 
93,028

 
122,823

 
 
 
 
 
 
   Weighted average shares outstanding - Diluted
14,973,951

 
15,132,257

 
15,073,255

 
 
 
 
 
 
Basic EPS
$
5.39

 
$
5.39

 
$
3.46

Diluted EPS
$
5.37

 
$
5.35

 
$
3.43


 
Stock-based compensation awards representing 14,982, 10,013, and 20,789 common shares for 2019, 2018, and 2017, respectively, were not included in the computations of diluted earnings per common share because the effect on those periods would have been antidilutive.