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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2020
EARNINGS PER SHARE  
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

    

2020

    

2019

    

2020

    

2019

 

 

(dollars in thousands)

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

7,419

 

$

14,605

 

$

13,640

 

$

33,341

Earnings allocated to unvested restricted stock units

 

 

(19)

 

 

 —

 

 

(34)

 

 

 —

Numerator for earnings per share - basic and diluted

 

$

7,400

 

$

14,605

 

$

13,606

 

$

33,341

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

27,457,306

 

 

18,027,512

 

 

27,457,306

 

 

18,027,512

Dilutive effect of outstanding restricted stock units

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Weighted average common shares outstanding, including all dilutive potential shares

 

 

27,457,306

 

 

18,027,512

 

 

27,457,306

 

 

18,027,512

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - Basic

 

$

0.27

 

$

0.81

 

$

0.50

 

$

1.85

Earnings per share - Diluted

 

$

0.27

 

$

0.81

 

$

0.50

 

$

1.85