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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
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
March 31
 
(in thousands except per share data)
 
2021
   
2020
 
Numerator:
           
Net income
 
$
23,618
   
$
6,579
 
                 
Denominator:
               
Basic earnings per share:
               
Weighted average shares
   
17,774
     
17,752
 
Diluted earnings per share:
               
Effect of dilutive stock options and restricted stock grants
   
13
     
11
 
Adjusted weighted average shares
   
17,787
     
17,763
 
                 
Earnings per share:
               
Basic earnings per share
 
$
1.33
   
$
0.37
 
Diluted earnings per share
   
1.33
     
0.37