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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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:

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