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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings per share have been calculated as follows:


(Expressed in thousands, except number of shares and per share amounts)
	For the Three Months Ended March 31,
		2021		2020
Basic weighted average number of shares outstanding		12,579,130		12,895,729
Net dilutive effect of share-based awards, treasury method (1)		720,113		560,504
Diluted weighted average number of shares outstanding		13,299,243		13,456,233

Net income		$	38,658	$	7,818

Earnings per share
Basic		$	3.07	$	0.61
Diluted		$	2.91	$	0.58

(1) For the three months ended March 31, 2021, there was no Class A Stock granted under share-based compensation

arrangements that were anti-dilutive. For the three months ended March 31, 2020, the diluted net income per share

computation did not include the anti-dilutive effect of 10,770 shares of Class A Stock granted under share-based

compensation arrangements.