XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.19.3

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2019
Earnings Per Share |
Earnings Per Share | NOTE 16 Earnings Per Share Beginning in the third quarter of 2019, the Company has elected to prospectively use the two-class method in calculating earnings per share due to the restricted stock awards and restricted stock units qualifying as participating securities. Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared (or accumulated) and participating rights in undistributed earnings. Average shares of common stock for diluted net income per common share include shares to be issued upon the vesting of restricted stock awards and restricted stock units granted under the Company's share-based compensation plans. The calculation of basic and diluted earnings per share using the two-class method for the three and nine months ending September 30, 2019 is presented below:
|  | Three months ended |  | Nine months ended
|  | September 30, |  | September 30,
(dollars and shares in thousands, except per share data) |  | 2019 |  | 2019
Net income |  | $ | 7,104 |  | $ | 21,888
Dividends and undistributed earnings allocated to participating securities |  |  | 154 |  |  | 514
Net income available to common shareholders |  | $ | 6,950 |  | $ | 21,374
Weighted-average common shares outstanding for basic earnings per share |  |  | 14,274 |  |  | 13,957
Dilutive effect of stock-based awards |  |  | 352 |  |  | 360
Weighted-average common shares outstanding for diluted earnings per share |  |  | 14,626 |  |  | 14,317
Earnings per common share: |  |  |  |  |  |
Basic earnings per common share |  | $ | 0.49 |  | $ | 1.53
Diluted earnings per common share |  | $ | 0.48 |  | $ | 1.49
For the three and nine months ended September 30, 2018, the basic and diluted earnings per share were calculated using the treasury stock method, as presented in the table below. The Company determined that the impact to diluted earnings per share would be immaterial if calculated under the two-class method for the three and nine months ended September 30, 2018. The calculation of basic and diluted earnings per share using the treasury stock method for the three and nine months ending September 30, 2018 is presented below:
|  | Three months ended |  | Nine months ended
|  | September 30, |  | September 30,
(dollars and shares in thousands, except per share data) |  | 2018 |  | 2018
Basic: |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 7,370 |  | $ | 19,833
Weighted-average common shares outstanding |  |  | 13,777 |  |  | 13,759
Basic earnings per common share |  | $ | 0.53 |  | $ | 1.44
Diluted: |  |  |  |  |  |
Net income attributable to common shareholders |  |  | 7,370 |  |  | 19,833
Weighted-average common shares outstanding |  |  | 13,777 |  |  | 13,759
Add: Dilutive effect of stock-based awards |  |  | 294 |  |  | 301
Weighted-average common shares outstanding for diluted EPS |  |  | 14,071 |  |  | 14,060
Diluted earnings per common share |  | $ | 0.52 |  | $ | 1.41

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration