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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

Earnings per share have been computed based on the following:

 

     Years ended December 31,  
     2016      2015      2014  

Net income (in thousands)

   $ 44,811      $ 43,818      $ 26,108  
  

 

 

    

 

 

    

 

 

 

(number of shares in thousands)

        

Average number of common shares outstanding

     22,814        22,750        17,716  

Effect of dilutive stock options

     273        248        207  
  

 

 

    

 

 

    

 

 

 

Average number of common shares outstanding used to calculate diluted earnings per share

     23,087        22,998        17,923