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EARNINGS PER COMMON SHARE (Tables) | 12 Months Ended
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Dec. 31, 2019
EARNINGS PER COMMON SHARE |
Schedule of impact to the diluted weighted average number of shares of common stock related to the RSUs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, 2019 (a):
​ | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Number of |  | ​ |  | ​ |  | ​ |  | ​
​ | ​ | Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award | ​ | Shares (b)(c) | ​ | Capital Metric | ​ | Return Metric | ​ | Total | ​ | Excluded (d)
September 26, 2017 | ​ | 76,250 | ​ | 22,129 | ​ | 31,498 | ​ | 53,627 | ​ | 22,623
July 1, 2018 | ​ | 73,750 | ​ | 14,755 | ​ | 3,273 | ​ | 18,028 | ​ | 55,722
July 1, 2019 | ​ | 75,026 | ​ | 728 | ​ | — | ​ | 728 | ​ | 74,298
Totals |  | 225,026 | ​ | 37,612 |  | 34,771 |  | 72,383 |  | 152,643
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, 2018 (e):
​ | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Number of |  | ​ |  | ​ |  | ​ |  | ​
​ | ​ | Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award | ​ | Shares (b) | ​ | Capital Metric | ​ | Return Metric | ​ | Total | ​ | Excluded (d)
September 26, 2017 | ​ | 76,250 | ​ | 34,633 | ​ | 4,462 | ​ | 39,095 | ​ | 37,155
July 1, 2018 | ​ | 76,250 | ​ | 33,388 | ​ | — | ​ | 33,388 | ​ | 42,862
Totals |  | 152,500 | ​ | 68,021 |  | 4,462 |  | 72,483 |  | 80,017
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, 2017 (f):
​ | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Number of | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award | ​ | Shares (b) | ​ | Capital Metric | ​ | Return Metric | ​ | Total | ​ | Excluded (d)
September 26, 2017 | ​ | 76,250 | ​ | 33,353 | ​ | 38,125 | ​ | 71,478 | ​ | 4,772
(a) | Reflects the number of shares underlying RSUs that would be issued assuming the measurement date used to determine whether the applicable conditions are satisfied is December 31, 2019.
(b) | The RSUs awarded in 2017, 2018 and 2019 vest, subject to satisfaction of the applicable market and/or performance conditions, on June 30, 2020, 2021 and 2022, respectively (see Note 12).
NOTE 11—EARNINGS PER COMMON SHARE (Continued)
(c) | As of December 31, 2019, 2,500 shares of the 2018 award and 2,750 shares of the 2019 award were forfeited.
(d) | Excluded as the applicable conditions had not been met for these shares at the respective measurement dates.
(e) | Reflects the number of shares underlying RSUs that would be issued assuming the measurement date used to determine whether the applicable conditions are satisfied is December 31, 2018.
(f) | Reflects the number of shares underlying RSUs that would be issued assuming the measurement date used to determine whether the applicable conditions are satisfied is December 31, 2017.
Schedule of reconciliation of the numerator and denominator of earnings per share calculations | The following table provides a reconciliation of the numerator and denominator of earnings per share calculations (amounts in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2019 |  | 2018 |  | 2017
Numerator for basic and diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 18,544 | ​ | $ | 21,564 | ​ | $ | 24,249
Less net income attributable to non-controlling interests | ​ | ​ | (533) | ​ |  | (899) | ​ |  | (102)
Less earnings allocated to unvested restricted stock(a) | ​ | ​ | (1,227) | ​ |  | (1,173) | ​ |  | (1,072)
Net income available for common stockholders: basic and diluted | ​ | $ | 16,784 | ​ | $ | 19,492 | ​ | $ | 23,075
Denominator for basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of common shares | ​ | ​ | 19,090 | ​ |  | 18,575 | ​ |  | 17,944
Effect of diluted securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
RSUs | ​ | ​ | 29 | ​ |  | 13 | ​ |  | 103
Denominator for diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of shares | ​ | ​ | 19,119 | ​ |  | 18,588 | ​ |  | 18,047
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share, basic | ​ | $ | 0.88 | ​ | $ | 1.05 | ​ | $ | 1.29
Earnings per common share, diluted | ​ | $ | 0.88 | ​ | $ | 1.05 | ​ | $ | 1.28
(a) | Represents an allocation of distributed earnings to unvested restricted stock that, as participating securities, are entitled to receive dividends.

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