Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

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				Nine Months Ended
	September 30				September 30
(in thousands except per share data)	2023		2022		2023		2022
Numerator:
Net income	$	20,628	$	19,372	$	59,345	$	59,371
Denominator:
Basic earnings per share:
Weighted average shares		17,893		17,841		17,882		17,832
Diluted earnings per share:
Effect of dilutive stock options and restricted stock grants		11		16		10		12
Adjusted weighted average shares		17,904		17,857		17,892		17,844
Earnings per share:
Basic earnings per share	$	1.15	$	1.09	$	3.32	$	3.33
Diluted earnings per share		1.15		1.08		3.32		3.33