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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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
June 30
   
Six Months Ended
June 30
 
(in thousands except per share data)
 
2021
   
2020
   
2021
   
2020
 
Numerator:
                       
Net income
 
$
23,931
   
$
19,652
   
$
47,549
   
$
26,231
 
                                 
Denominator:
                               
Basic earnings per share:
                               
Weighted average shares
   
17,784
     
17,739
     
17,779
     
17,746
 
Diluted earnings per share:
                               
Effect of dilutive stock options and restricted stock grants
   
16
     
3
     
15
     
7
 
Adjusted weighted average shares
   
17,800
     
17,742
     
17,794
     
17,753
 
                                 
Earnings per share:
                               
Basic earnings per share
 
$
1.35
   
$
1.11
   
$
2.67
   
$
1.48
 
Diluted earnings per share
   
1.34
     
1.11
     
2.67
     
1.48