Earnings per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share, Basic and Diluted [Abstract]

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share. For additional information on the calculation of basic and diluted earnings per share, see Note 1, "Summary of Significant Accounting Policies - Earnings per Share" of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2019.


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(Dollars and shares in thousands, except per share data)	2020		2019		2020		2019
Numerator:
Net income	$	2,085	$	16,468	$	2,923	$	32,547
Net income allocated to unvested restricted stock awards	(3)		(60)		—		(128)
Net income allocated to common shares	$	2,082	$	16,408	$	2,923	$	32,419
Denominator:
Weighted average shares outstanding	29,187		29,288		29,237		29,283
Average unvested restricted stock awards	(38)		(107)		(53)		(119)
Denominator for basic earnings per share—weighted-average shares outstanding	29,149		29,181		29,184		29,164
Effect of dilutive securities—employee stock options and restricted stock units	15		62		35		59
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,164		29,243		29,219		29,223
Basic earnings per share	$	0.07	$	0.56	$	0.10	$	1.11
Diluted earnings per share	$	0.07	$	0.56	$	0.10	$	1.11
Average antidilutive options and restricted stock units excluded from computation of diluted earnings per share	705		325		451		327