Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted EPS for the years ended December 31, 2019, 2018 and 2017 are presented below.

	For the Year Ended December 31,
	2019		2018		2017
	(in thousands, except earnings per share amounts)
Basic EPS:
Net income – basic	$	92,690	$	71,632	$	46,231
Basic weighted-average common shares		19,249		19,209		19,165
Basic earnings per share	$	4.82	$	3.73	$	2.41
Diluted EPS:
Net income  - diluted	$	92,690	$	71,632	$	46,231
Diluted weighted average common shares:
Weighted average common shares		19,249		19,209		19,165
Stock options and restricted stock		80		84		81
Diluted weighted average common shares		19,329		19,293		19,246
Diluted earnings per common share	$	4.80	$	3.71	$	2.40

Reconciliation of Weighted Average Shares used for Basic and Diluted Earnings Per Share Calculation

The table below sets forth the reconciliation of the weighted average shares used for the basic and diluted EPS calculation.

	Years Ended
	2019		2018		2017
Basic weighted average common shares		19,248,657		19,208,978		19,165,489
Add: Other common shares eligible for common dividends:
Stock options and restricted stock		80,581		84,104		80,377
Diluted weighted average common shares		19,329,238		19,293,082		19,245,866