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EARNINGS PER COMMON SHARE (Tables) | 3 Months Ended
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Mar. 31, 2022
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):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2022 |  | 2021
Numerator for basic and diluted earnings per share: |  |  |  |  | ​ |
Net income | ​ | $ | 9,340 | ​ | $ | 2,957
(Deduct) add net (income) loss attributable to non-controlling interests | ​ |  | (17) | ​ |  | 5
Deduct earnings allocated to unvested restricted stock (a) | ​ |  | (328) | ​ | ​ | (325)
Net income available for common stockholders: basic and diluted | ​ | $ | 8,995 | ​ | $ | 2,637
Denominator for basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of common shares outstanding | ​ |  | 20,379 | ​ |  | 20,003
Effect of dilutive securities: RSUs | ​ |  | 162 | ​ |  | 58
Denominator for diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of shares | ​ |  | 20,541 | ​ |  | 20,061
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share, basic and diluted | ​ | $ | .44 | ​ | $ | .13
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(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 periods: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended March 31, 2022:
​ |  | Total Number |  | Shares Included Based on (a) |  | ​
​ | ​ | of Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award |  | Shares (b)(c) |  | Capital Metric |  | Return Metric |  | Total |  | Excluded
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 |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended March 31, 2021:
​ |  | Total Number |  | Shares Included Based on (a) |  | ​
​ | ​ | of 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 | ​ | 23,970 | ​ | — | ​ | 23,970 | ​ | 51,056
July 1, 2018 (e) |  | 73,750 | ​ | 25,306 | ​ | — | ​ | 25,306 | ​ | 48,444
Totals |  | 223,802 |  | 86,789 |  | 37,513 |  | 124,302 |  | 99,500
(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 March 31 of the applicable period.
(b) | The RSUs awarded in 2021, 2020 and 2019 vest, subject to satisfaction of the applicable market and/or performance conditions, as of June 30, 2024, 2023 and 2022, respectively (see Note 11).
(c) | During 2019, 2,750 shares of the 2019 award and 2,500 shares of the 2018 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 were deemed to have vested; these shares were issued in August 2021 (see Note 11).

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