Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of Earnings Per Share

Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units (RSUs), and are determined using the treasury stock method. Earnings per share have been computed based on the following:

	Three months ended September 30,
(in thousands)	2020		2019
Net income	$	17,606	$	23,395
Average number of common shares outstanding	29,764		30,509
Effect of dilutive stock options and restricted stock	80		120
Average number of common shares outstanding used to calculate diluted earnings per share	29,844		30,629
Options excluded from diluted earnings per share because of their antidilutive effect	—		42

	Nine months ended September 30,
(in thousands)	2020		2019
Net income	$	41,157	$	69,182
Average number of common shares outstanding	29,971		30,464
Effect of dilutive stock options and restricted stock	112		179
Average number of common shares outstanding used to calculate diluted earnings per share	30,083		30,643
Options excluded from diluted earnings per share because of their antidilutive effect	—		42