Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

The following table reconciles the numerators and denominators of basic and diluted earnings per share calculations for the periods presented.



	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except share and per share data)	2019			2018			2019			2018
Numerator for Earnings per Share—Basic:
Net income		$	26,101		$	21,436		$	49,029		$	47,599
Less: Income allocated to participating shares		71			62			137			141
Net Income Allocated to Shareholders		$	26,029		$	21,374		$	48,892		$	47,458

Numerator for Earnings per Share—Diluted:
Net income		$	26,101		$	21,436		$	49,029		$	47,599
Net Income Available to Shareholders		$	26,101		$	21,436		$	49,029		$	47,599

Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic		34,158,136			34,793,160			34,298,185			34,775,043
Add: Potentially dilutive shares		52,850			264,416			88,121			267,998
Denominator for Treasury Stock Method—Diluted		34,210,986			35,057,576			34,386,306			35,043,041

Weighted Average Shares Outstanding—Basic		34,158,136			34,793,160			34,298,185			34,775,043
Add: Average participating shares outstanding		93,433			100,212			96,261			103,449
Denominator for Two-Class Method—Diluted		34,251,569			34,893,372			34,394,446			34,878,492

Earnings per share—basic		$	0.76		$	0.62		$	1.43		$	1.37
Earnings per share—diluted		$	0.76		$	0.61		$	1.43		$	1.36
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		5,183			—			44,153			2,047