XML 45 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Schedule of earnings per share reconciliation
The following table illustrates the reconciliation of weighted average shares used for earnings per common share computations for the three and nine months ended September 30, 2020 and 2019:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
(In thousands, except shares)
Net income:
Net income$16,636 $17,895 $22,688 $50,431 
Dividends and undistributed earnings allocated to participating securities (1)
— (10)(5)(48)
Net income allocated to common shareholders$16,636 $17,885 $22,683 $50,383 
Basic:
Weighted average common shares outstanding
35,909,148 36,764,810 36,054,906 36,846,884 
Restricted stock awards(303)(21,948)(5,537)(34,336)
Total basic weighted average common shares outstanding
35,908,845 36,742,862 36,049,369 36,812,548 
Diluted:
Basic weighted average common shares outstanding
35,908,845 36,742,862 36,049,369 36,812,548 
Effect of potentially dilutive common shares (2)
79,889 133,686 144,246 160,476 
Total diluted weighted average common shares outstanding
35,988,734 36,876,548 36,193,615 36,973,024 
(1)Represents dividends paid and undistributed earnings allocated to unvested restricted stock awards.
(2)Represents the effect of the assumed exercise of stock options and vesting of restricted stock awards and units.
Schedule of dividends activity
The following table summarizes the dividend activity for the nine months ended September 30, 2020 and calendar year 2019:
DeclaredCash Dividend per ShareRecord DatePaid Date
January 23, 2019$0.18February 7, 2019February 21, 2019
April 24, 2019$0.18May 8, 2019May 22, 2019
July 24, 2019$0.19August 8, 2019August 22, 2019
October 23, 2019$0.19November 7, 2019November 21, 2019
October 23, 2019$0.10November 7, 2019November 21, 2019*
January 22, 2020$0.20February 6, 2020February 20, 2020
April 29, 2020$0.20May 13, 2020May 27, 2020
July 22, 2020$0.20August 5, 2020August 19, 2020
* Denotes a special dividend.
Schedule of repurchased shares The following table provides total shares repurchased to pay withholding taxes during the periods indicated:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
Repurchased shares to pay withholding taxes 378 405 28,306 28,434 
Stock repurchase to pay withholding taxes average share price
$19.84 $27.67 $21.54 $30.83