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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Computation of 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