Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share ("EPS") has been computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for an assumed vesting of restricted stock awards.
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Basic weighted average common shares outstanding
 
10,970,123

 
10,881,106

 
10,953,581

 
10,874,331

Effect of dilutive shares
 
89,958

 
54,006

 
82,370

 
42,658

Diluted weighted average common shares outstanding
 
11,060,081

 
10,935,112

 
11,035,951

 
10,916,989