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Earnings Per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
23.  Earnings Per Share


The following table sets forth the computation of basic and diluted earnings per share:

Year Ended December 31
(in thousands except per share data)
 
2019
   
2018
   
2017
 
Numerator:
                 
Net income
 
$
64,540
   
$
59,228
   
$
51,493
 
                         
Denominator:
                       
Basic earnings per share:
                       
Weighted average shares
   
17,724
     
17,687
     
17,631
 
Diluted earnings per share:
                       
Dilutive effect of equity grants
   
16
     
16
     
22
 
Adjusted weighted average shares
   
17,740
     
17,703
     
17,653
 
                         
Earnings per share:
                       
Basic earnings per share
 
$
3.64
   
$
3.35
   
$
2.92
 
Diluted earnings per share
   
3.64
     
3.35
     
2.92
 


There were no options to purchase common shares that were excluded from the diluted calculations above for the years ended December 31, 2019, 2018, and 2017.  In addition to in-the-money stock options, unvested restricted stock grants were also used in the calculation of diluted earnings per share based on the treasury method.