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Earnings Per Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
 
The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share. Net income for basic and diluted calculations does not differ.
(in thousands, except per share amounts)
2014
 
2013
 
2012
 
 
 
 
 
 
Net income
$
41,151

 
$
36,094

 
$
28,903

 
 
 
 
 
 
Average common shares:
 

 
 

 
 

Basic (weighted-average outstanding shares)
11,875

 
12,050

 
11,899

Dilutive potential common shares from stock options
164

 
162

 
159

 
Diluted (weighted-average outstanding shares)
12,039

 
12,212

 
12,058

 
 
 
 
 
 
Basic earnings per share
$
3.47

 
$
3.00

 
$
2.43

 
 
 
 
 
 
Diluted earnings per share
$
3.42

 
$
2.96

 
$
2.40


 
Stock options totaling 37,261 shares in 2014, 3,831 shares in 2013, and 38,954 shares in 2012 were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.