XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.2
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of computation and reconciliation of earnings per common share
For the periods presented, diluted EPS using the treasury stock method was less dilutive than the two-class method; as such, only the two-class method has been included below.

 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
Net income as reported
$
17,244

 
$
6,372

 
32,414

 
10,292

Less: Distributed net income available to participating securities
(2
)
 
(7
)
 
(5
)
 
(14
)
Less: Undistributed net income available to participating securities
(136
)
 
(141
)
 
(256
)
 
(225
)
Numerator for basic net income per share:
17,106

 
6,224

 
32,153

 
10,053

Add: Undistributed net income allocated to participating securities
136

 
141

 
256

 
225

Less: Undistributed net income reallocated to participating securities
(134
)
 
(141
)
 
(252
)
 
(225
)
Numerator for diluted net income per share:
17,108

 
6,224

 
32,157


10,053

Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding for basic net income per share
14,647,019

 
14,534,016

 
14,624,718

 
14,491,569

Effect of dilutive securities
252,968

 
—

 
225,098

 
—

Weighted average shares outstanding for diluted net income per share
14,899,987

 
14,534,016

 
14,849,816


14,491,569

Net income per share:
 
 
 
 
 
 
 
Basic
$
1.17

 
$
0.43

 
$
2.20

 
$
0.69

Diluted
$
1.15

 
$
0.43

 
$
2.17

 
$
0.69