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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

Earnings per share have been computed based on the following:

 

     Years ended December 31,  
     2017      2016      2015  

Net income (in thousands)

   $ 40,554      $ 44,811      $ 43,818  
  

 

 

    

 

 

    

 

 

 

(number of shares in thousands)

        

Average number of common shares outstanding

     22,912        22,814        22,750  

Effect of dilutive stock options

     338        273        248  
  

 

 

    

 

 

    

 

 

 

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

     23,250        23,087        22,998