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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share  
Schedule of Earnings Per Share

The earnings per share, both basic and diluted, are included below as of December 31, (in thousands except for per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

2019

    

2018

  

2017

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

29,891,046

 

 

29,728,308

 

 

29,600,702

Net income

 

 

$

39,455

 

$

34,012

 

$

15,138

Basic earnings per share

 

 

$

1.32

 

$

1.14

 

$

0.51

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

29,891,046

 

 

29,728,308

 

 

29,600,702

Dilutive effect of unvested restricted awards 1

 

 

 

525,302

 

 

532,692

 

 

435,142

Dilutive effect of stock options and warrants

 

 

 

 -

 

 

47,935

 

 

2,573

Diluted average common shares outstanding

 

 

 

30,416,348

 

 

30,308,935

 

 

30,038,417

Net Income

 

 

$

39,455

 

$

34,012

 

$

15,138

Diluted earnings per share

 

 

$

1.30

 

$

1.12

 

$

0.50

 

 

 

 

 

 

 

 

 

 

 

Number of antidilutive options and warrants excluded from the diluted earnings per share calculation

 

 

 

 -

 

 

 -

 

 

815,339

 

 

 

 

 

 

 

 

 

 

 

1 Includes the common stock equivalents for restricted share rights that are dilutive.