XML 31 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Notes)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The Company’s common shares outstanding consist of all shares issued and outstanding, including unvested restricted shares.  Basic and diluted EPS are calculated under the two-class method. Restricted stock units are considered dilutive. The following table sets forth the computation for basic and diluted EPS and reconciliation between basic and diluted shares outstanding:
 
 
Year Ended December 31,
 
2018
 
2017
 
2016
Net Income
$
46,314,388

 
$
51,601,669

 
$
46,594,132

Less: Net loss (income) attributable to redeemable noncontrolling interest
1,061,441

 
(1,612,712
)
 
(542,209
)
Net income attributable to common shareholders
$
47,375,829

 
$
49,988,957

 
$
46,051,923

 
 
 
 
 
 
Weighted average number of outstanding shares
3,512,470

 
3,448,824

 
3,407,408

Dilutive impact of restricted stock units
2,058

 
3,014

 
5,983

Weighted average number of outstanding shares - Diluted
3,514,528

 
3,451,838

 
3,413,391

 
 
 
 
 
 
Earnings per share attributable to common shareholders
 
 
 
 
 
Basic
$
13.49

 
$
14.49

 
$
13.52

Diluted
$
13.48

 
$
14.48

 
$
13.49