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Earnings Per Share | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Basic earnings per common share data is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Common shares outstanding include common stock and restricted stock awards where recipients have satisfied the vesting terms. Diluted earnings per common share gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method. The following table presents a summary of per common share data and amounts for the periods indicated.
| Three months ended June 30, |  | Six months ended June 30,
(in thousands, except per share data) | 2020 |  | 2019 |  | 2020 |  | 2019
Net income as reported | $ | 14,634 |  |  | $ | 18,424 |  |  | $ | 27,502 |  |  | $ | 34,580 |
Weighted average common shares outstanding | 26,180 |  |  | 26,887 |  |  | 26,325 |  |  | 25,415 |
Additional dilutive common stock equivalents | 15 |  |  | 53 |  |  | 29 |  |  | 73 |
Weighted average diluted common shares outstanding | 26,195 |  |  | 26,940 |  |  | 26,354 |  |  | 25,488 |
Basic earnings per common share: | $ | 0.56 |  |  | $ | 0.69 |  |  | $ | 1.04 |  |  | $ | 1.36 |
Diluted earnings per common share: | 0.56 |  |  | 0.68 |  |  | $ | 1.04 |  |  | $ | 1.36 |
For the three and six months ended June 30, 2020 common stock equivalents of approximately 157,000 and 147,000, respectively, were excluded from the earnings per share calculations because their effect would have been anti-dilutive. Comparatively, there were 130,000 and 99,000 common stock equivalents excluded in the prior year periods, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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