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Equity and EPS | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Equity and EPS | Equity and EPS The computations of basic and diluted EPS:
|  | Quarter Ended September 30, |  | Year to Date Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Operations: |  |  |  |  |  |  |  |
Net income(a) |  | $ | 23,628 |  |  | $ | 23,673 |  |  | $ | 86,361 |  |  | $ | 59,159 |
Net loss attributable to noncontrolling interest |  | 180 |  |  | 203 |  |  | 444 |  |  | 279 |
Income attributable to participating securities (unvested shares and units)(b) |  | (188) |  |  | (175) |  |  | (688) |  |  | (471) |
Net income used in EPS calculation |  | $ | 23,620 |  |  | $ | 23,701 |  |  | $ | 86,117 |  |  | $ | 58,967 |
Share information: |  |  |  |  |  |  |  |
Basic weighted average common shares(c) |  | 22,008,381 |  |  | 21,981,201 |  |  | 22,000,026 |  |  | 20,293,818 |
Diluted weighted average common shares(c)(d) |  | 22,228,814 |  |  | 21,981,201 |  |  | 22,000,026 |  |  | 20,293,818 |
Basic EPS |  | $ | 1.07 |  |  | $ | 1.08 |  |  | $ | 3.91 |  |  | $ | 2.91 |
Diluted EPS |  | $ | 1.06 |  |  | $ | 1.08 |  |  | $ | 3.91 |  |  | $ | 2.91 |
(a)Net income attributable to all shareholders. (b)Participating securities included 176,398 and 163,024 unvested restricted stock units (“RSUs”), at September 30, 2022 and 2021, respectively. (c)Under the two-class method, basic and diluted weighted average common shares at September 30, 2022 and 2021 exclude unvested participating securities. (d)The impacts of the Convertible Senior Notes were included in the diluted weighted average common shares if the inclusion was dilutive. The Convertible Senior Notes would only have a dilutive impact if the average market price per share during the quarter and year to date period exceeds the conversion price of $96.24 per share. Share Issuance. On April 1, 2021, as part of the consideration for the Merger, the Company issued 5,007,833 shares of common stock. 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, 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 could have repurchased stock from time to time for cash in open market purchases, block transactions, and privately negotiated transactions in accordance with applicable federal securities laws. The Company did not repurchase any shares under the share repurchase program during 2022, prior to its expiration on February 27, 2022. The Company did not renew the share repurchase program upon its expiration. Common Stock Share Activity.
| Shares Outstanding
| Capital Stock Preferred |  | Common Stock
Balance, December 31, 2021 | 437 |  |  | 21,964,314 |
Issuance of Common Stock | — |  |  | 29,807 |
Repurchase of Common Stock (a) | — |  |  | (9,021) |
Balance, March 31, 2022 | 437 |  |  | 21,985,100 |
Issuance of Common Stock | — |  |  | 7,655 |
Repurchase of Common Stock(a) | — |  |  | (4) |
Balance, June 30, 2022 | 437 |  |  | 21,992,751 |
Issuance of Common Stock | — |  |  | 606 |
Repurchase of Common Stock(a) | — |  |  | (2) |
Balance, September 30, 2022 | 437 |  |  | 21,993,355 |
| Shares Outstanding
| Capital Stock Preferred |  | Common Stock
Balance, December 31, 2020 | 437 |  |  | 16,915,862 |
Issuance of Common Stock | — |  |  | 35,114 |
Repurchase of Common Stock (a) | — |  |  | (10,376) |
Balance, March 31, 2021 | 437 |  |  | 16,940,600 |
Issuance of Common Stock | — |  |  | 5,022,122 |
Repurchase of Common Stock(a) | — |  |  | (1,489) |
Balance, June 30, 2021 | 437 |  |  | 21,961,233 |
Issuance of Common Stock | — |  |  | 2,361 |
Repurchase of Common Stock(a) | — |  |  | (20) |
Balance, September 30, 2021 | 437 |  |  | 21,963,574 |
(a)The Common Stock repurchases were for tax withholding on equity based compensation

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&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 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: 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 https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
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