EQUITY AND EPS (Tables)

12 Months Ended

Dec. 31, 2020

The computations of basic and diluted EPS:


	Year Ended December 31,
	2020		2019		2018
Operations:
Net income(a)	$	40,345	$	38,793	$	37,284
Less: Income attributable to participating securities (unvested shares and units) (b)	261		253		708
Net income attributable to common shareholders	$	40,084	$	38,540	$	36,576

Share information:
Basic and diluted weighted average common shares(c)	16,937,125		17,012,288		16,866,176



Basic and diluted EPS	$	2.37	$	2.27	$	2.17

(a)Net income attributable to all shareholders.

(b)Participating securities included RSUs of 110,665, 111,365, and 326,375 for the years ended December 31, 2020, 2019, and 2018, respectively.

(c)Under the two class method, basic weighted average common shares exclude outstanding unvested participating securities.

Dividends and Dividend Equivalents


Dividend and Dividend Equivalent Information (per Share and Unit)
Declaration date	Record date	Payment date	Declared		Paid		Dividend payment		Dividend equivalent payment(a)(b)		Total payment(b)
2020
February 24	March 13	March 27	$	0.12	$	0.12	$	2,047	$	13	$	2,060
April 28	May 22	June 5	0.12		0.12		2,027		14		2,041
July 28	August 21	September 4	0.12		0.12		2,029		14		2,043
October 27	November 20	December 4	0.12		0.12		2,030		14		2,044
			$	0.48	$	0.48	$	8,133	$	55	$	8,188
2019
February 25	March 13	March 29	$	0.10	$	0.10	$	1,701	$	13	$	1,714
April 29	May 15	May 31	0.10		0.10		1,702		11		1,713
July 29	August 14	August 30	0.10		0.10		1,703		11		1,714
October 29	November 14	November 26	0.10		0.10		1,703		12		1,715
			$	0.40	$	0.40	$	6,809	$	47	$	6,856
2018
February 21	March 9	March 23	$	0.08	$	0.08	$	1,348	$	27	$	1,375
April 30	May 16	June 1	0.08		0.08		1,348		27		1,375
July 31	August 16	August 31	0.08		0.08		1,348		27		1,375
October 30	November 15	November 30	0.08		0.08		1,349		26		1,375
			$	0.32	$	0.32	$	5,393	$	107	$	5,500

(a) Dividend equivalent payments on unvested participating securities (see Note 10).

(b) Includes estimated forfeitures.