Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

v3.19.3.a.u2
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share
Basic and diluted earnings per share for the years ended December 31, 2019, 2018 and 2017 consisted of the following (in thousands, except per share data):
 
Years Ended December 31,
 
 
2019
 
 
2018
 
 
2017
 
Numerator (Basic and Diluted):
   
     
     
 
Net income
  $
76,930
    $
87,257
    $
51,524
 
                         
Denominator:
   
     
     
 
Basic
   
     
     
 
Weighted Average Common Shares Issued and Outstanding
   
39,083
     
38,637
     
38,142
 
Deduct: Unvested RSAs
(1)
    
(21
 )    
(30
 )    
(29
 )
Add: Fully vested DSUs
(2)
    
342
     
542
     
875
 
                         
Weighted Average Common Shares Outstanding
   
39,404
     
39,149
     
38,988
 
                         
Basic earnings per common share
  $
1.95
    $
2.23
    $
1.32
 
                         
Diluted
   
     
     
 
Weighted Average Common Shares Outstanding from above
   
39,404
     
39,149
     
38,988
 
Add: Dilutive effect of RSUs, RSAs & ESPP
   
144
     
234
     
112
 
                         
Weighted Average Common Shares Outstanding
   
39,548
     
39,383
     
39,100
 
                         
Diluted earnings per common share
  $
1.95
    $
2.22
    $
1.32
 
                         
Antidilutive shares excluded from diluted earnings per common share
(3)
    
348
     
137
     
512
 
                         
(1)
RSAs were issued and outstanding to the
non-employee
directors and have a
one-year
or three-year vesting term subject to service requirements. See Note 12 – “Stock-Based Compensation Plans” for additional information.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2)
Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 12 – “Stock-Based Compensation Plans” for additional information.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(3)
Primarily pertaining to RSU grants to the Company’s employees and independent contractors.