XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.20.1

Equity and EPS | 3 Months Ended
--- | ---
Mar. 31, 2020
Earnings Per Share [Abstract] |
Equity and EPS | Equity and EPS The computations of basic and diluted EPS:
|  | Quarter Ended March 31, |  |  |  |  |  |
|  | 2020 |  | 2019 |  |  |  |
Operations: |  |  |  |  |  |  |  |
Net income(a) |  | $ | 9,842 |  |  | $ | 9,720 |  |  |  |  |
Less: Income attributable to participating securities(b) |  | 66 |  |  | 66 |  |  |  |  |
Net income attributable to common shareholders |  | $ | 9,776 |  |  | $ | 9,654 |  |  |  |  |
Share information: |  |  |  |  |  |  |  |
Basic and diluted weighted average common shares(c) |  | 17,013,925 |  |  | 16,967,631 |  |  |  |  |
Basic and diluted EPS |  | $ | 0.57 |  |  | $ | 0.57 |  |  |  |  |
(a)Net income attributable to all shareholders. (b)Participating securities included 116,127 and 112,865 unvested restricted stock units (“RSUs”), at March 31, 2020 and 2019, respectively. (c)Under the two-class method, basic and diluted weighted average common shares at March 31, 2020 and 2019, exclude unvested participating securities. Share Repurchase. On February 25, 2019, our Board of Directors approved a $25,000 share repurchase authorization commencing February 27, 2019, through February 27, 2022. Under the share repurchase program, we can repurchase stock from time to time for cash in open market purchases, block transactions, and privately negotiated transactions in accordance with applicable federal securities laws. This share repurchase program may be modified, suspended, or terminated by us at any time without prior notice. During the quarter ended March 31, 2020, the Company repurchased approximately 159,104 shares of MGP Common Stock for $4,053, resulting in $20,947 remaining under the share repurchase plan. The shares were repurchased in multiple separate tranches with the final purchase concluding on March 16, 2020.

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