XML 33 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Analysis of Basic and Diluted Earnings Per Share
The following is an analysis of basic and diluted EPS, reflecting the application of the two-class method, as described below:
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2018
 
2017
 
2018
 
2017
Net income
 
$
12,217

 
$
10,234

 
$
25,037

 
$
20,310

Dividends and undistributed earnings allocated to participating securities(1)
 
(30
)
 
(43
)
 
(70
)
 
(88
)
Net income available to common shareholders
 
$
12,187

 
$
10,191

 
$
24,967

 
$
20,222

Weighted-average common shares outstanding for basic EPS
 
15,572,848

 
15,512,761

 
15,557,500

 
15,500,862

Dilutive effect of stock-based awards(2)
 
56,931

 
73,810

 
57,538

 
75,849

Weighted-average common and potential common shares for diluted EPS
 
15,629,779

 
15,586,571

 
15,615,038

 
15,576,711

Earnings per common share(1):
 
 

 
 

 
 
 
 
Basic EPS
 
$
0.78

 
$
0.66

 
$
1.60

 
$
1.31

Diluted EPS
 
$
0.78

 
$
0.66

 
$
1.60

 
$
1.30

Awards excluded from the calculation of diluted EPS(3):
 
 
 
 
 
 
 
 
Stock options
 
—

 
585

 
—

 
585


(1) Represents dividends paid and undistributed earnings allocated to nonvested stock-based awards that contain non-forfeitable rights to dividends.
(2) Represents the effect of the assumed exercise of stock options, vesting of restricted shares and vesting of restricted stock units utilizing the treasury stock method. Not included are the unvested LTIP awards, which are the Company's performance-based awards.
(3) Represents stock-based awards not included in the computation of potential common shares for purposes of calculating diluted EPS as the exercise prices were greater than the average market price of the Company's common stock and are considered anti-dilutive.