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Equity (Tables)
12 Months Ended
Dec. 31, 2020
Table Text Block Supplement [Abstract]  
Restricted Shares Issued in Conjunction with Stock Plan
Restricted Shares issued for 2018 – 2020 in conjunction with the Stock Plan are presented in the following table:
 
Issuance Date
  
Shares
  
Aggregate
Market Value (millions)
1/29/18
   37,510    $1.6
1/29/19
   33,150    $1.6
1/28/20
   28,630    $1.8
7/28/20
   3,000    $0.1
Restricted Stock Units Issued
The equity portion of Restricted Stock Units activity during 2020 and 2019 in conjunction with the Stock Plan are presented in the following table:
 
Restricted Stock Units (Equity Portion)
 
    
2020
    
2019
 
    
Units
    
Weighted
Average
Stock
Price
    
Units
    
Weighted
Average
Stock
Price
 
Beginning Restricted Stock Units
  
 
70,364
 
  
$
41.20
 
     61,789      $ 38.25  
Restricted Stock Units Granted
  
 
3,743
 
  
$
39.26
 
     6,943      $ 63.50  
Dividend Equivalents Earned
  
 
1,507
 
  
$
47.34
 
     1,632      $ 58.15  
Restricted Stock Units Settled
  
 
(32,422
  
$
41.09
 
             
    
 
 
             
 
 
          
Ending Restricted Stock Units
     43,192     
$
41.34
 
     70,364      $ 41.20  
    
 
 
             
 
 
          
Reconciliation of Basic and Diluted Earnings Per Share
The following table reconciles basic and diluted earnings per share (EPS).
 
(Millions except shares and per share data)
  
2020
    
2019
    
2018
 
Earnings Available to Common Shareholders
  
$
32.2
 
   $ 44.2      $ 33.0  
    
 
 
    
 
 
    
 
 
 
Weighted Average Common Shares Outstanding—Basic (000’s)
  
 
14,951
 
     14,894        14,824  
Plus: Diluted Effect of Incremental Shares (000’s)
  
 
1
 
     6        5  
    
 
 
    
 
 
    
 
 
 
Weighted Average Common Shares Outstanding—Diluted (000’s)
  
 
14,952
 
     14,900        14,829  
    
 
 
    
 
 
    
 
 
 
Earnings per Share—Basic and Diluted
  
$
2.15
 
   $ 2.97      $ 2.23  
    
 
 
    
 
 
    
 
 
 
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.
 
    
2020
    
2019
    
2018
 
Weighted Average
Non-Vested
Restricted Shares Not Included in EPS Computation
     42,813
 
     —          6,102