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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any outstanding options were exercised or restricted stock becomes vested.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

 

 

(in thousands, except share and per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

Net income - basic

 

$

16,169

 

 

$

13,524

 

Basic weighted average common shares

 

 

19,187,136

 

 

 

19,150,400

 

Basic earnings per common share

 

$

0.84

 

 

$

0.71

 

Diluted EPS:

 

 

 

 

 

 

 

 

Net income - diluted

 

$

16,169

 

 

$

13,524

 

Diluted weighted average common shares:

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

19,187,136

 

 

 

19,150,400

 

Stock options and restricted stock

 

 

75,101

 

 

 

79,725

 

Diluted weighted average common shares

 

 

19,262,237

 

 

 

19,230,125

 

Diluted earnings per common share

 

$

0.84

 

 

$

0.70