Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings per share have been computed based on the following:


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2014		2013		2014		2013
Net income	$	8,234	$	7,361	$	20,458	$	22,163
Average number of common shares outstanding		16,137		16,074		16,121		16,035
Effect of dilutive stock options and restricted stock units		194		156		200		117

Average number of common shares outstanding used to calculate diluted earnings per share		16,331		16,230		16,321		16,152

Options excluded from diluted earnings per share because the effect of these options was antidilutive		127		171		110		544