Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The Company follows ASC 260, Earnings Per Share (ASC 260) that requires the reporting of both basic and diluted earnings per share. Basic earnings per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period.
 
Basic and diluted earnings per share attributable to common and restricted shares of common stock for the period were as follows:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Basic and diluted earnings per share
 

 
 

 
 

 
 

Common stock
$
0.30

 
$
0.25

 
$
0.52

 
$
0.43

Restricted shares of common stock
$
0.29

 
$
0.24

 
$
0.55

 
$
0.41