Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020, 2019 and 2018 are presented below.

	For the Year Ended December 31,
	2020		2019		2018
	(in thousands, except earnings per share amounts)
Basic EPS:
Net income – basic	$	86,602	$	92,690	$	71,632
Basic weighted average common shares		19,289		19,249		19,209
Basic earnings per share	$	4.49	$	4.82	$	3.73
Diluted EPS:
Net income – diluted	$	86,602	$	92,690	$	71,632
Diluted weighted average common shares:
Weighted average common shares		19,289		19,249		19,209
Restricted stock and stock options		75		80		84
Diluted weighted average common shares		19,364		19,329		19,293
Diluted earnings per common share	$	4.47	$	4.80	$	3.71

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
	2020		2019		2018
Basic weighted average common shares		19,288,996		19,248,657		19,208,978
Add: Other common shares eligible for common dividends:
Restricted stock and stock options		74,813		80,581		84,104
Diluted weighted average common shares		19,363,809		19,329,238		19,293,082