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Earnings Per Share
6 Months Ended
Jun. 30, 2019
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:
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
Net Income
$
14,157,569

 
$
14,898,023

 
$
33,713,416

 
$
27,840,151

Less: Net income attributable to redeemable noncontrolling interest
(962,417
)
 
(527,655
)
 
(3,585,622
)
 
(480,323
)
Net income attributable to common shareholders
$
13,195,152

 
$
14,370,368

 
$
30,127,794

 
$
27,359,828

 
 
 
 
 
 
 
 
Weighted average number of outstanding shares - Basic
3,478,307

 
3,518,665

 
3,486,032

 
3,503,379

Dilutive impact of restricted stock units

 
1,151

 
472

 
1,757

Weighted average number of outstanding shares - Diluted
3,478,307

 
3,519,816

 
3,486,504

 
3,505,136

 
 
 
 
 
 
 
 
Earnings per share attributable to common shareholders
 
 
 
 
 
 
 
Basic
$
3.79

 
$
4.08

 
$
8.64

 
$
7.81

Diluted
$
3.79

 
$
4.08

 
$
8.64

 
$
7.81