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Earnings per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings per Share

Note 8. Earnings per Share

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

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
(Dollars and shares in thousands, except per share data)    2014      2013      2014      2013  

Numerator for basic and diluted earnings per share—income available to common shareholders

   $ 5,080       $ 4,830       $ 10,806       $ 10,228   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for basic earnings per share—weighted-average shares outstanding

     16,243         16,696         16,250         16,742   

Effect of dilutive securities—employee stock options and awards

     86         51         86         54   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted earnings per share—adjusted weighted-average shares outstanding

     16,329         16,747         16,336         16,796   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share

   $ 0.31       $ 0.29       $ 0.67       $ 0.61   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share

   $ 0.31       $ 0.29       $ 0.66       $ 0.61   
  

 

 

    

 

 

    

 

 

    

 

 

 

Average anti-dilutive options and awards excluded from computation of diluted earnings per share

     521         668         502         661