Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings per common share:

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Earnings per common share have been computed based on the following:

	Three Months Ended September 30,						Nine Months Ended September 30,
	(in thousands, except for per share data)
	2019			2018			2019			2018
Net income	$	21,696		$	19,902		$	52,612		$	41,680
Earnings allocated to participating securities		(117	)		(42	)		(176	)		(98	)
Income attributable to common stock	$	21,579		$	19,860		$	52,436		$	41,582
Weighted average common shares outstanding, including participating securities		35,307			32,167			35,317			32,127
Weighted average participating securities		(141	)		(25	)		(65	)		(34	)
Weighted average common shares outstanding		35,166			32,142			35,252			32,093
Incremental shares from assumed conversions of options, performance units and non-participating restricted shares		97			177			82			220
Weighted average common and equivalent shares outstanding		35,263			32,319			35,334			32,313
Earnings per common share:
Basic	$	0.61		$	0.62		$	1.49		$	1.30
Diluted		0.61			0.61			1.48			1.29