XML 37 R20.htm IDEA: XBRL DOCUMENT
v3.20.4

Earnings Per Share | 12 Months Ended
--- | ---
Dec. 31, 2020
Earnings Per Share |
Earnings Per Share | Note 12: 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):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  | 2020 |  | 2019 |  | 2018
Basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average common shares outstanding | ​ | ​ | ​ | 29,623,333 | ​ | ​ | 29,891,046 | ​ | ​ | 29,728,308
Net income | ​ | ​ | $ | 27,825 | ​ | $ | 39,455 | ​ | $ | 34,012
Basic earnings per share | ​ | ​ | $ | 0.94 | ​ | $ | 1.32 | ​ | $ | 1.14
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average common shares outstanding | ​ | ​ | ​ | 29,623,333 | ​ | ​ | 29,891,046 | ​ | ​ | 29,728,308
Dilutive effect of unvested restricted awards 1 | ​ | ​ | ​ | 550,739 | ​ | ​ | 525,302 | ​ | ​ | 532,692
Dilutive effect of stock options and warrants | ​ | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 47,935
Diluted average common shares outstanding | ​ | ​ | ​ | 30,174,072 | ​ | ​ | 30,416,348 | ​ | ​ | 30,308,935
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | ​ | $ | 27,825 | ​ | $ | 39,455 | ​ | $ | 34,012
Diluted earnings per share | ​ | ​ | $ | 0.92 | ​ | $ | 1.30 | ​ | $ | 1.12
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
1 Includes the common stock equivalents for restricted share rights that are dilutive. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ The above earnings per share calculation did not include a warrant for 815,339 shares of common stock that was outstanding as of December 31, 2018, because the warrant was anti-dilutive at an exercise price of $13.43. Of note, the warrant was sold at auction by the Treasury in June 2013 to a third party investor. This warrant was issued in January 2009 at an exercise price of $13.43 per share, and expired on January 16, 2019.. On January 16, 2019, the warrant for 815,339 shares of the Company’s common stock was exercised in a cashless transaction. As of the date of exercise, the Company’s closing market price was $14.23 per share, resulting in 45,836 shares being issued. These shares were issued from treasury stock held by the Company, and resulted in a $313,000 reduction of treasury stock in January 2019.

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