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Equity and EPS
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Equity and EPS Equity and EPS
The computations of basic and diluted EPS:
Quarter Ended March 31,
20212020
Operations:
Net income(a)
$15,427 $9,842 
Less: Income attributable to participating securities(b)
146 66 
Net income attributable to common shareholders$15,281 $9,776 
Share information:
Basic and diluted weighted average common shares(c)
16,928,003 17,013,925 
Basic and diluted EPS$0.90 $0.57 

(a)Net income attributable to all shareholders.
(b)Participating securities included 162,496 and 116,127 unvested restricted stock units (“RSUs”), at March 31, 2021 and 2020, respectively.
(c)Under the two-class method, basic and diluted weighted average common shares at March 31, 2021 and 2020 exclude unvested participating securities.

Share Repurchase. On February 25, 2019, MGP’s Board of Directors approved a $25,000 share repurchase authorization commencing February 27, 2019, through February 27, 2022. Under the share repurchase program, the Company 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 the Company at any time without prior notice. The Company did not repurchase any shares during the quarter ended March 31, 2021 and has $20,947 remaining under the share repurchase plan.

During the quarter ended March 31, 2020, the Company repurchased approximately 159,104 shares of MGP Common Stock for $4,053.