Annual report pursuant to Section 13 and 15(d)

Equity and Earnings Per Share (Tables)

v3.20.4
Equity and Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Calculation, Numerator and Denominator
The following is a reconciliation of the numerator and denominator for the computation of basic and diluted earnings per share:
Year Ended December 31,
2020 2019 2018
Numerator:
Net income attributable to common shareholders $ 54,052  $ 44,436  $ 37,984 
Adjustment for accretion of tax equity financing fees (121) —  — 
Income attributable to common shareholders $ 53,931  $ 44,436  $ 37,984 
Denominator:
Basic weighted-average shares outstanding 47,702  46,586  45,729 
Effect of dilutive securities:
Stock options 1,304  1,188  1,102 
Diluted weighted-average shares outstanding 49,006  47,774  46,831 
Net income per share attributable to common shareholders:
Basic $ 1.13  $ 0.95  $ 0.83 
Diluted $ 1.10  $ 0.93  $ 0.81 
Potentially dilutive shares (1)
1,199  806  692 
(1) Potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.