Equity (Tables)

12 Months Ended

Dec. 31, 2018

Restricted Shares Issued in Conjunction with Stock Plan

Restricted Shares issued for 2016 – 2018 in conjunction with the Stock Plan are presented in the following table:


Issuance Date	Shares	Aggregate Market Value (millions)
1/26/16	43,220	$1.6
4/19/16	800	<$0.1
1/30/17	34,930	$1.6
1/29/18	37,510	$1.6

Restricted Stock Units Issued

The equity portion of Restricted Stock Units activity during 2018 and 2017 in conjunction with the Stock Plan are presented in the following table:


Restricted Stock Units (Equity Portion)
	2018				2017
	Units		Weighted Average Stock Price		Units		Weighted Average Stock Price
Beginning Restricted Stock Units		52,224	$	36.22		43,345	$	33.40
Restricted Stock Units Granted		7,892	$	49.63		7,522	$	50.23
Dividend Equivalents Earned		1,673	$	47.85		1,357	$	48.57
Restricted Stock Units Settled		—		—		—		—

Ending Restricted Stock Units		61,789	$	38.25		52,224	$	36.22

Reconciliation of Basic and Diluted Earnings Per Share

Earnings Per Share

The following table reconciles basic and diluted earnings per share (EPS).


(Millions except shares and per share data)	2018		2017		2016
Earnings Available to Common Shareholders	$	33.0	$	29.0	$	27.1

Weighted Average Common Shares Outstanding—Basic (000’s)		14,824		14,095		13,990
Plus: Diluted Effect of Incremental Shares (000’s)		5		7		6

Weighted Average Common Shares Outstanding—Diluted (000’s)		14,829		14,102		13,996

Earnings per Share—Basic and Diluted	$	2.23	$	2.06	$	1.94

Weighted Average Non Vested Restricted Shares Excluded from Computation of Earnings Per Share

The following table shows the number of weighted average non-vested restricted shares that were not included in the above computation of EPS because the effect would have been antidilutive.

2018

2017

2016

Weighted Average Non-Vested Restricted Shares Not Included in EPS Computation

6,102

8,733

600