• Filing Date: 2020-03-06
  • Form Type: 10-K
  • Description: Annual report
v3.19.3.a.u2
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of Numerator and Denominator of Basic and Diluted Earnings (loss) Per Common Share

A summary of the numerator and denominator of the basic and fully diluted earnings (loss) per common share is presented below:

 

 

 

Income

(Numerator)

 

 

Shares (a)

(Denominator)

 

 

Per Share

Amount

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

26,576

 

 

 

 

 

 

 

 

 

Less: Income attributable to participating securities

 

 

(1,448

)

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Income allocated to common stockholders

 

 

25,128

 

 

 

7,580

 

 

$

3.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

12

 

 

 

 

 

Convertible senior notes

 

 

8,748

 

 

 

2,646

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders and assumed

   conversions

 

$

33,876

 

 

 

10,238

 

 

$

3.31

 

 

(a)

Shares in thousands.

 

 

 

Loss

(Numerator)

 

 

Shares (a)

(Denominator)

 

 

Per Share

Amount

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

17,725

 

 

 

 

 

 

 

 

 

Less: Loss attributable to participating securities*

 

 

717

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Income allocated to common stockholders

 

 

18,442

 

 

 

7,878

 

 

$

2.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities:**

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

17

 

 

 

 

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders and assumed

   conversions

 

$

18,442

 

 

 

7,895

 

 

$

2.34

 

 

(a)

Shares in thousands.

*

Loss attributable to participating securities included the reclassification of cumulative dividends paid on certain restricted stock with market based vesting conditions from retained income to expense. See Restricted Stock Awards in Note 21 -- “Stock-Based Compensation” for additional information.

**

Convertible senior notes were excluded due to antidilutive effect.

 

 

 

Income (Loss)

(Numerator)

 

 

Shares (a)

(Denominator)

 

 

Per Share

Amount

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,893

)

 

 

 

 

 

 

 

 

Less: Loss attributable to participating securities

 

 

481

 

 

 

 

 

 

 

 

 

Basic and Diluted Loss Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Loss available to common stockholders***

 

$

(6,412

)

 

 

8,558

 

 

$

(0.75

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Shares in thousands.