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Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

3. EARNINGS PER SHARE

Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of the Company’s common stock outstanding adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted EPS (in thousands, except per share data):

​	​	​	​	​	​	​
​	​	Three months ended March 31,
​	​	2021		​	2020
​	​	​	​	​	​	​
Numerator:	​	​	​	​	​	​
Net income	​	$	41,063	​	$	18,477
​	​	​	​	​	​	​
Denominator:	​	​	​	​	​	​
Weighted average shares of common stock outstanding	​	​	11,772	​	​	11,772
Effect of dilutive common stock equivalents	​	​	109	​	​	52
Weighted average shares of common stock outstanding	​	​	11,881	​	​	11,824
​	​	​	​	​	​	​
Earnings per share - basic	​	$	3.49	​	$	1.57
​	​	​	​	​	​	​
Earnings per share - diluted	​	$	3.46	​	$	1.56

​

The calculation of diluted EPS excluded 0 and 1,413 antidilutive options outstanding for the three months ended March 31, 2021 and 2020, respectively. The calculation of diluted EPS also excluded 267 and 14,940 antidilutive restricted stock awards for the three months ended March 31, 2021 and 2020, respectively.  

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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