Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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

	Three Months Ended September 30				Nine Months Ended September 30
(in thousands except per share data)	2020		2019		2020		2019
Numerator:
Net income	$	17,447	$	15,269	$	43,678	$	48,532
Denominator:
Basic earnings per share:
Weighted average shares		17,746		17,726		17,746		17,720
Diluted earnings per share:
Effect of dilutive stock options and restricted stock grants		6		17		7		13
Adjusted weighted average shares		17,752		17,743		17,753		17,733
Earnings per share:
Basic earnings per share	$	0.98	$	0.86	$	2.46	$	2.74
Diluted earnings per share		0.98		0.86		2.46		2.74