XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

EARNINGS PER COMMON SHARE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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,
​ | ​ | 2023 |  | 2022 |  | 2021
Numerator for basic and diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 29,918 | ​ | $ | 42,253 | ​ | $ | 39,034
Deduct net income attributable to non-controlling interests | ​ | ​ | (304) | ​ | ​ | (76) | ​ |  | (177)
Deduct earnings allocated to unvested restricted stock (a) | ​ | ​ | (1,291) | ​ | ​ | (1,434) | ​ |  | (1,326)
Net income available for common stockholders: basic and diluted | ​ | $ | 28,323 | ​ | $ | 40,743 | ​ | $ | 37,531
Denominator for basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of common shares outstanding | ​ | ​ | 20,499 | ​ | ​ | 20,360 | ​ |  | 20,086
Effect of dilutive securities: RSUs | ​ | ​ | 57 | ​ | ​ | 93 | ​ |  | 178
Denominator for diluted earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of shares | ​ | ​ | 20,556 | ​ |  | 20,453 | ​ |  | 20,264
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share, basic | ​ | $ | 1.38 | ​ | $ | 2.00 | ​ | $ | 1.87
Earnings per common share, diluted | ​ | $ | 1.38 | ​ | $ | 1.99 | ​ | $ | 1.85
(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, 2023:
​ |  | Total Number |  | Shares Included Based on (a) |  | ​
​ | ​ | of Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award |  | Shares |  | Capital Metric |  | Return Metric |  | Total |  | Excluded (b)
July 1, 2023 (c) | ​ | 85,250 | ​ | 23,237 | ​ | 42,625 | ​ | 65,862 | ​ | 19,388
July 1, 2022 (c)(d) | ​ | 83,240 | ​ | 35,050 | ​ | — | ​ | 35,050 | ​ | 48,190
August 3, 2021 (c)(d) | ​ | 79,622 | ​ | 39,811 | ​ | — | ​ | 39,811 | ​ | 39,811
Totals | ​ | 248,112 | ​ | 98,098 |  | 42,625 |  | 140,723 |  | 107,389
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, 2022:
​ |  | Total Number |  | Shares Included Based on (a) |  | ​
​ | ​ | of Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award |  | Shares |  | Capital Metric |  | Return Metric |  | Total |  | Excluded (b)
July 1, 2022 (c) | ​ | 85,350 | ​ | 40,222 | ​ | — | ​ | 40,222 | ​ | 45,128
August 3, 2021 (c) |  | 80,700 | ​ | 40,350 | ​ | — | ​ | 40,350 | ​ | 40,350
August 3, 2020 (e) |  | 75,026 | ​ | 37,513 | ​ | 37,513 | ​ | 75,026 | ​ | —
Totals |  | 241,076 |  | 118,085 |  | 37,513 |  | 155,598 |  | 85,478
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, 2021:
​ |  | Total Number |  | Shares Included Based on (a) |  | ​
​ | ​ | of Underlying | ​ | Return on | ​ | Stockholder | ​ | ​ | ​ | Shares
Date of Award | ​ | Shares |  | Capital Metric |  | Return Metric |  | Total | ​ | Excluded (b)
August 3, 2021 (c) | ​ | 80,700 | ​ | 40,350 | ​ | 40,350 | ​ | 80,700 | ​ | —
August 3, 2020 (e) |  | 75,026 | ​ | 37,513 | ​ | 37,513 | ​ | 75,026 | ​ | —
July 1, 2019 (f) |  | 75,026 | ​ | 37,513 | ​ | 37,513 | ​ | 75,026 | ​ | —
Totals |  | 230,752 | ​ | 115,376 |  | 115,376 |  | 230,752 |  | —
(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) | Excluded as the applicable conditions had not been met for these shares at the applicable measurement dates.
(c) | The RSUs awarded in 2023, 2022 and 2021 vest, subject to satisfaction of the applicable market and/or performance conditions, as of June 30, 2026, 2025 and 2024, respectively (see Note 11).
(d) | As of December 31, 2023, 1,078 shares of the 2021 award and 2,110 shares of the 2022 award were forfeited due to the retirement of a recipient before the completion of the applicable three-year performance cycle.
(e) | With respect to the RSUs awarded August 3, 2020, 74,988 shares were deemed to have vested and the balance of 38 shares were forfeited in June 2023. The vested shares were issued in August 2023 (see Note 11).
(f) | With respect to the RSUs awarded July 1, 2019, 64,488 shares were deemed to have vested and the balance of 10,538 shares were forfeited in June 2022. The vested shares were issued in August 2022 (see Note 11).

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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + 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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration