Calculation of Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	8,304	$	6,387	$	36,968	$	33,241
Weighted average shares outstanding	16,401,028		16,369,641		16,393,022		16,360,540
Basic Earnings Per Share	$	0.51	$	0.39	$	2.26	$	2.03
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	8,304	$	6,387	$	36,968	$	33,241
Reconciliation of Denominator:
Weighted shares outstanding—Basic	16,401,028		16,369,641		16,393,022		16,360,540
Effect of dilutive securities—Share-based compensation	44,715		47,441		46,311		49,521
Adjusted denominator—Diluted	16,445,743		16,417,082		16,439,333		16,410,061
Diluted Earnings Per Share	$	0.50	$	0.39	$	2.25	$	2.03