XML 44 R30.htm IDEA: XBRL DOCUMENT v3.20.4
Earnings Per Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share
23.  Earnings Per Share


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

Year Ended December 31
(in thousands except per share data)
 
2020
   
2019
   
2018
 
Numerator:
                 
Net income
 
$
59,504
   
$
64,540
   
$
59,228
 
                         
Denominator:
                       
Basic earnings per share:
                       
Weighted average shares
   
17,748
     
17,724
     
17,687
 
Diluted earnings per share:
                       
Dilutive effect of equity grants
   
8
     
16
     
16
 
Adjusted weighted average shares
   
17,756
     
17,740
     
17,703
 
                         
Earnings per share:
                       
Basic earnings per share
 
$
3.35
   
$
3.64
   
$
3.35
 
Diluted earnings per share
   
3.35
     
3.64
     
3.35
 


There were no options to purchase common shares that were excluded from the diluted calculations above for the years ended December 31, 2020, 2019, and 2018.  In addition to in-the-money stock options, unvested restricted stock grants were also used in the calculation of diluted earnings per share based on the treasury method.