Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

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				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	23,353	$	21,386	$	58,101	$	58,676
Basic weighted average common shares		19,299,921		19,256,069		19,282,263		19,243,689
Basic earnings per common share	$	1.21	$	1.11	$	3.01	$	3.05
Diluted EPS:
Net income	$	23,353	$	21,386	$	58,101	$	58,676
Diluted weighted average common shares:
Weighted average common shares		19,299,921		19,256,069		19,282,263		19,243,689
Stock options and restricted stock		58,761		46,482		63,689		76,510
Diluted weighted average common shares		19,358,682		19,302,551		19,345,952		19,320,199
Diluted earnings per common share	$	1.21	$	1.11	$	3.00	$	3.04