Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

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,
	2020		2019
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	10,800	$	19,400
Basic weighted average common shares		19,266,016		19,229,134
Basic earnings per common share	$	0.56	$	1.01
Diluted EPS:
Net income	$	10,800	$	19,400
Diluted weighted average common shares:
Weighted average common shares		19,266,016		19,229,134
Stock options and restricted stock		86,229		68,902
Diluted weighted average common shares		19,352,245		19,298,036
Diluted earnings per common share	$	0.56	$	1.01