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Earnings Per Share
9 Months Ended
Sep. 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 
 September 30,
 
Nine Months Ended 
 September 30,
 
2019
 
2018
 
2019
 
2018
Net Income
$
11,516,637

 
$
16,399,370

 
$
45,230,053

 
$
44,239,522

Less: Net income attributable to redeemable noncontrolling interest
(99,177
)
 
(1,191,317
)
 
(3,684,799
)
 
(1,671,640
)
Net income attributable to common shareholders
$
11,417,460

 
$
15,208,053

 
$
41,545,254

 
$
42,567,882

 
 
 
 
 
 
 
 
Weighted average number of outstanding shares - Basic
3,411,632

 
3,530,586

 
3,460,959

 
3,512,547

Dilutive impact of restricted stock units

 
1,760

 
200

 
1,970

Weighted average number of outstanding shares - Diluted
3,411,632

 
3,532,346

 
3,461,159

 
3,514,517

 
 
 
 
 
 
 
 
Earnings per share attributable to common shareholders
 
 
 
 
 
 
 
Basic
$
3.35

 
$
4.31

 
$
12.00

 
$
12.12

Diluted
$
3.35

 
$
4.31

 
$
12.00

 
$
12.11