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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The diluted EPS calculation includes potential common shares assumed issued under the treasury stock method, which reflects the potential dilution that would occur if any outstanding options were exercised or restricted stock becomes vested.

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

(in thousands, except share and per share amounts)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

19,701

 

 

$

16,577

 

 

$

52,826

 

 

$

45,582

 

Basic weighted average common shares

 

 

19,216,545

 

 

 

19,171,912

 

 

 

19,204,196

 

 

 

19,161,529

 

Basic earnings per common share

 

$

1.03

 

 

$

0.86

 

 

$

2.75

 

 

$

2.38

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

19,701

 

 

$

16,577

 

 

$

52,826

 

 

$

45,582

 

Diluted weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

19,216,545

 

 

 

19,171,912

 

 

 

19,204,196

 

 

 

19,161,529

 

Stock options and restricted stock

 

 

56,439

 

 

 

64,202

 

 

 

76,840

 

 

 

74,426

 

Diluted weighted average common shares

 

 

19,272,984

 

 

 

19,236,114

 

 

 

19,281,036

 

 

 

19,235,955

 

Diluted earnings per common share

 

$

1.02

 

 

$

0.86

 

 

$

2.74

 

 

$

2.37