Three Months Ended

Nine Months Ended

September 30,

2021

2020

2021

2020

(in thousands, except shares and per share data)

Calculation of Basic Earnings Per Share:

Income from Continuing Operations

$

12,484

$

9,280

$

60,771

$

48,981

Income/(Loss) from Discontinued Operations

(9)

(19)

(17)

165

Net Income

$

12,475

$

9,261

$

60,754

$

49,146

Weighted average shares outstanding

17,582,115

16,533,748

17,538,461

16,466,106

Basic Earnings Per Share from Continuing Operations

$

0.71

$

0.56

$

3.46

$

2.97

Basic Earnings Per Share from Discontinued Operations

—

0.01

Basic Earnings Per Share

$

0.71

$

0.56

$

3.46

$

2.98

Calculation of Diluted Earnings Per Share:

Reconciliation of Denominator:

Weighted shares outstanding—Basic

17,582,115

16,533,748

17,538,461

16,466,106

Effect of dilutive securities—Share-based compensation

77,528

59,094

71,697

57,094

Adjusted denominator—Diluted

17,659,643

16,592,842

17,610,158

16,523,200

Diluted Earnings Per Share from Continuing Operations

$

0.71

$

0.56

$

3.45

$

2.96

Diluted Earnings Per Share from Discontinued Operations

—

0.01

Diluted Earnings Per Share

$

0.71

$

0.56

$

3.45

$

2.97