XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.20.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | Note 3 – Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. Under the treasury stock method, stock appreciation rights (“SARs”) are dilutive when the average market price of the Company’s common stock, combined with the effect of any unamortized compensation expense, exceeds the SAR price during a period. Anti-dilutive shares are those SARs with prices in excess of the current market value. The calculations of basic and diluted earnings per share are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands except share and per share data) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 5,439 |  | $ | 7,684 |  | $ | 12,984 |  | $ | 15,847
Weighted-average common shares outstanding |  |  | 14,349,040 |  |  | 14,434,232 |  |  | 14,385,927 |  |  | 14,444,821
Basic earnings per share |  | $ | .38 |  | $ | .53 |  | $ | .90 |  | $ | 1.10
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 5,439 |  | $ | 7,684 |  | $ | 12,984 |  | $ | 15,847
Weighted-average common shares outstanding |  |  | 14,349,040 |  |  | 14,434,232 |  |  | 14,385,927 |  |  | 14,444,821
Effect of dilutive restricted stock and stock appreciation rights |  |  | 196,159 |  |  | 258,032 |  |  | 201,930 |  |  | 255,613
Weighted-average common shares outstanding assuming dilution |  |  | 14,545,199 |  |  | 14,692,264 |  |  | 14,587,857 |  |  | 14,700,434
Diluted earnings per share |  | $ | .37 |  | $ | .52 |  | $ | .89 |  | $ | 1.08

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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration