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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

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

 
Three Months Ended
June 30
   
Six Months Ended
June 30
 
(in thousands except per share data)
 
2020
   
2019
   
2020
   
2019
 
Numerator:
                       
Net income
 
$
19,652
   
$
18,324
   
$
26,231
   
$
33,263
 
                                 
Denominator:
                               
Basic earnings per share:
                               
Weighted average shares
   
17,739
     
17,721
     
17,746
     
17,717
 
Diluted earnings per share:
                               
Effect of dilutive stock options and restricted stock grants
   
3
     
12
     
7
     
11
 
Adjusted weighted average shares
   
17,742
     
17,733
     
17,753
     
17,728
 
                                 
Earnings per share:
                               
Basic earnings per share
 
$
1.11
   
$
1.03
   
$
1.48
   
$
1.88
 
Diluted earnings per share
   
1.11
     
1.03
     
1.48
     
1.88