Earnings Per Share

12 Months Ended

Dec. 31, 2018

Note 19 – Earnings per Share

Earnings per share have been computed based on the following:


	Year Ended December 31,
(in thousands)	2018		2017		2016
Net income	$	68,320	$	40,554	$	44,811
Average number of common shares outstanding		26,593		22,912		22,814
Effect of dilutive stock options and restricted stock		287		338		273

Average number of common shares outstanding used to calculate diluted earnings per share		26,880		23,250		23,087

Options excluded from diluted earnings per share because the effect of these options was antidilutive		10,056		—		13,825