Earnings per Share

12 Months Ended

Dec. 31, 2019

The following table sets forth the computation of basic and diluted earnings per share:


	For the Years Ended December 31,
(Dollars and shares in thousands, except per share data)	2019		2018		2017
Numerator:
Net income	$	65,719	$	50,543	$	44,094
Net income allocated to unvested restricted stock awards	(236)		(333)		(409)
Net income allocated to common shares	$	65,483	$	50,210	$	43,685
Denominator:
Weighted average shares outstanding	29,300		29,370		26,862
Average unvested restricted stock awards	(107)		(193)		(256)
Denominator for basic earnings per share—weighted-average shares outstanding	29,193		29,177		26,606
Effect of dilutive securities—employee stock options and restricted stock units	68		82		102
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,261		29,259		26,708
Basic earnings per share	$	2.24	$	1.72	$	1.64
Diluted earnings per share	$	2.24	$	1.72	$	1.64
Average anti-dilutive options and restricted stock units excluded from computation of diluted earnings per share	325		319		169