Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2020

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)	2020		2019		2018
Numerator:
Net income	$	46,916	$	65,719	$	50,543
Net income allocated to unvested restricted stock awards	(69)		(236)		(333)
Net income allocated to common shares	$	46,847	$	65,483	$	50,210
Denominator:
Weighted average shares outstanding	29,244		29,300		29,370
Average unvested restricted stock awards	(46)		(107)		(193)
Denominator for basic earnings per share—weighted-average shares outstanding	29,198		29,193		29,177
Effect of dilutive securities—employee stock options and restricted stock units	70		68		82
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,268		29,261		29,259
Basic earnings per share	$	1.60	$	2.24	$	1.72
Diluted earnings per share	$	1.60	$	2.24	$	1.72
Average anti-dilutive options and restricted stock units excluded from computation of diluted earnings per share	491		325		319