XML 24 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Earnings Per Common Share ("EPS")
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Common Share ("EPS")

(4.)

EARNINGS PER COMMON SHARE (“EPS”)

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).

 

 

 

Three months ended

March 31,

 

 

 

2021

 

 

2020

 

Net income available to common shareholders

 

$

20,345

 

 

$

762

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Total shares issued

 

 

16,100

 

 

 

16,100

 

Unvested restricted stock awards

 

 

(6

)

 

 

(4

)

Treasury shares

 

 

(205

)

 

 

(90

)

Total basic weighted average common shares outstanding

 

 

15,889

 

 

 

16,006

 

Incremental shares from assumed:

 

 

 

 

 

 

 

 

Exercise of stock options

 

 

—

 

 

 

—

 

Vesting of restricted stock awards

 

 

83

 

 

 

63

 

Total diluted weighted average common shares outstanding

 

 

15,972

 

 

 

16,069

 

Basic earnings per common share

 

$

1.28

 

 

$

0.05

 

Diluted earnings per common share

 

$

1.27

 

 

$

0.05

 

 

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive (in thousands):

 

Stock options

 

 

—

 

 

 

—

 

Restricted stock awards

 

 

11

 

 

 

2

 

Total

 

 

11

 

 

 

2