XML 47 R35.htm IDEA: XBRL DOCUMENT v3.22.0.1

EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2021

EARNINGS PER COMMON SHARE

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,
​	​	2021			2020			2019
Numerator for basic and diluted earnings per share:	​	​	​	​	​	​	​	​	​
Net income	​	$	39,034	​	$	27,413	​	$	18,544
Deduct net income attributable to non-controlling interests	​	​	(177)	​		(6)	​		(533)
Deduct earnings allocated to unvested restricted stock (a)	​	​	(1,326)	​		(1,263)	​		(1,227)
Net income available for common stockholders: basic and diluted	​	$	37,531	​	$	26,144	​	$	16,784
Denominator for basic earnings per share:	​	​	​	​	​	​	​	​	​
Weighted average number of common shares outstanding	​	​	20,086	​		19,571	​		19,090
Effect of dilutive securities: RSUs	​	​	178	​		28	​		29
Denominator for diluted earnings per share:	​	​	​	​	​	​	​	​	​
Weighted average number of shares	​	​	20,264	​		19,599	​		19,119
​	​	​	​	​	​	​	​	​	​
Earnings per common share, basic	​	$	1.87	​	$	1.34	​	$	0.88
Earnings per common share, diluted	​	$	1.85	​	$	1.33	​	$	0.88

(a) Represents an allocation of distributed earnings to unvested restricted stock that, as participating securities, are entitled to receive dividends.

​

Schedule of impact to the diluted weighted average number of shares of common stock related to the RSUs

The following table identifies the number of shares of common stock underlying the RSUs that are included in the calculation, on a diluted basis, of the weighted average number of shares of common stock for such years:

​	​	​	​	​	​	​	​	​	​	​
Year Ended December 31, 2021:
​		Total Number of		Shares Included Based on (a)						​
​	​	Underlying	​	Return on	​	Stockholder	​	​	​	Shares
Date of Award	​	Shares (b)(c)	​	Capital Metric	​	Return Metric	​	Total	​	Excluded (d)
August 3, 2021	​	80,700	​	40,350	​	40,350	​	80,700	​	—
August 3, 2020		75,026	​	37,513	​	37,513	​	75,026	​	—
July 1, 2019		75,026	​	37,513	​	37,513	​	75,026	​	—
Totals		230,752	​	115,376		115,376		230,752		—
​	​	​	​	​	​	​	​	​	​	​
Year Ended December 31, 2020:
​		Total Number of		Shares Included Based on (a)						​
​	​	Underlying	​	Return on	​	Stockholder	​	​	​	Shares
Date of Award	​	Shares (b)(c)	​	Capital Metric	​	Return Metric	​	Total	​	Excluded (d)
August 3, 2020	​	75,026	​	37,513	​	37,513	​	75,026	​	—
July 1, 2019	​	75,026	​	23,233	​	—	​	23,233	​	51,793
July 1, 2018 (e)	​	73,750	​	24,823	​	—	​	24,823	​	48,927
Totals		223,802	​	85,569		37,513		123,082		100,720
​	​	​	​	​	​	​	​	​	​	​
Year Ended December 31, 2019:
​		Total Number of		Shares Included Based on (a)						​
​	​	Underlying	​	Return on	​	Stockholder	​	​	​	Shares
Date of Award	​	Shares (b)(c)	​	Capital Metric	​	Return Metric	​	Total	​	Excluded (d)
July 1, 2019	​	75,026	​	728	​	—	​	728	​	74,298
July 1, 2018 (e)	​	73,750	​	14,755	​	3,273	​	18,028	​	55,722
September 26, 2017 (f)	​	76,250	​	22,129	​	31,498	​	53,627	​	22,623
Totals		225,026	​	37,612		34,771		72,383		152,643

(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 of the applicable year.

(b) The RSUs awarded in 2021, 2020 and 2019 vest, subject to satisfaction of the applicable market and/or performance conditions, on June 30, 2024, 2023 and 2022, respectively (see Note 12).

(c) During 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 applicable measurement dates.

(e) With respect to the RSUs awarded July 1, 2018, all 73,750 shares vested in June 2021 and such shares were issued in August 2021 (see Note 12).

(f) With respect to the RSUs awarded September 26, 2017, 24,343 shares vested and 51,907 shares were forfeited in June 2020; the vested shares were issued in August 2020 (see Note 12).

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration