Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	23,948	$	17,890	$	34,748	$	37,290
Basic weighted average common shares		19,280,684		19,245,592		19,273,347		19,237,401
Basic earnings per common share	$	1.24	$	0.93	$	1.80	$	1.94
Diluted EPS:
Net income	$	23,948	$	17,890	$	34,748	$	37,290
Diluted weighted average common shares:
Weighted average common shares		19,280,684		19,245,592		19,273,347		19,237,401
Stock options and restricted stock		55,023		61,361		62,401		78,875
Diluted weighted average common shares		19,335,707		19,306,953		19,335,748		19,316,276
Diluted earnings per common share	$	1.24	$	0.93	$	1.80	$	1.93