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EQUITY AND EPS | 12 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
EQUITY AND EPS | EQUITY AND EPSCapital Stock. Common Stockholders are entitled to elect four of the nine members of the Board of Directors, while Preferred Stockholders are entitled to elect the remaining five members. All directors are elected annually for a one year term. Any vacancies on the Board are to be filled only by the shareholders and not by the Board. Shareholders who own 10 percent or more of the outstanding Common or Preferred Stock have the right to call a special meeting of stockholders. Common Stockholders are not entitled to vote with respect to a merger, dissolution, lease, exchange or sale of substantially all of the Company’s assets, or on an amendment to the Articles of Incorporation, unless such action would increase or decrease the authorized shares or par value of the Common or Preferred Stock, or change the powers, preferences or special rights of the Common or Preferred Stock so as to affect the Common Stockholders adversely. Generally, Common Stockholders and Preferred Stockholders vote as separate classes on all other matters requiring shareholder approval. EPS. The computations of basic and diluted EPS:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Operations: |  |  |  |  |
Net income(a) | $ | 90,817 |  |  | $ | 40,345 |  |  | $ | 38,793 |
Net loss attributable to noncontrolling interest | 490 |  |  | — |  |  | — |
Income attributable to participating securities (unvested shares and units) (b) | (712) |  |  | (261) |  |  | (253) |
Net income used in EPS calculation | $ | 90,595 |  |  | $ | 40,084 |  |  | $ | 38,540 |
Share information: |  |  |  |  |
Basic weighted average common shares(c) | 20,719,663 |  |  | 16,937,125 |  |  | 17,012,288 |
Diluted weighted average common shares(D) | 20,982,453 |  |  | 16,937,125 |  |  | 17,012,288 |
Basic EPS | $ | 4.37 |  |  | $ | 2.37 |  |  | $ | 2.27 |
Diluted EPS | $ | 4.34 |  |  | $ | 2.37 |  |  | $ | 2.27 |
(a)Net income attributable to all shareholders. (b)Participating securities included RSUs of 163,024, 110,665, and 111,365 for the years ended December 31, 2021, 2020, and 2019, respectively. (c)Under the two class method, basic weighted average common shares exclude outstanding unvested participating securities. (d)Diluted weighted average common shares included the dilutive effect of Convertible Senior Notes of 262,790 shares for the year end December 31, 2021. There was no dilutive impact for the years ended December 31, 2020 and 2019. Share Issuance. On April 1, 2021, as part of the consideration for the Merger, the Company issued 5,007,833 shares of common stock. Additionally, in September 2021, the parties finalized the purchase price adjustments, which increased stock consideration by an additional 1,373 shares from the preliminary amounts that were paid at closing. Share Repurchase. On February 25, 2019, the 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. During the year ended December 31, 2021, the Company did not repurchase any shares of MGP Common Stock and has $20,947 remaining under the share repurchase plan. During the year ended December 31, 2020, the Company repurchased approximately 159,104 shares of MGP Common Stock for $4,053. Common Stock Share Activity.
| Shares Outstanding
| Capital Stock Preferred |  | Common Stock
Balance, December 31, 2019 | 437 |  | 17,028,125 |
Issuance of Common Stock | — |  |  | 57,278 |
Repurchase of Common Stock | — |  |  | (169,541) |
Balance, December 31, 2020 | 437 |  | 16,915,862 |
Issuance of Common Stock | — |  |  | 5,060,339 |
Repurchase of Common Stock | — |  |  | (11,887) |
Balance, December 31, 2021 | 437 |  | 21,964,314 |
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)
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 23 |  | March 12 |  | March 26 |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 2,033 |  |  | $ | 19 |  |  | $ | 2,052 |
May 3 |  | May 21 |  | June 4 |  | 0.12 |  |  | 0.12 |  |  | 2,635 |  |  | 20 |  |  | 2,655 |
August 2 |  | August 20 |  | September 3 |  | 0.12 |  |  | 0.12 |  |  | 2,635 |  |  | 20 |  |  | 2,655 |
November 1 |  | November 19 |  | December 3 |  | 0.12 |  |  | 0.12 |  |  | 2,635 |  |  | 20 |  |  | 2,655 |
|  |  |  |  |  | $ | 0.48 |  |  | $ | 0.48 |  |  | $ | 9,938 |  |  | $ | 79 |  |  | $ | 10,017 |
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 |
(a) Dividend equivalent payments on unvested participating securities (see Note 11). (b) Includes estimated forfeitures.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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