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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table presents the calculation of earnings per share:
 
 
Three Months Ended March 31,
(in thousands, except per share and share data)
 
2019
 
2018
Net income
 
$
7,281

 
$
7,812

 
 
 
 
 
Average number of basic common shares outstanding
 
15,523,423

 
15,448,338

Plus: dilutive effect of stock options and awards outstanding (1)
 
63,226

 
104,631

Average number of diluted common shares outstanding (1)
 
15,586,649

 
15,552,969

 
 
 
 
 
Anti-dilutive options excluded from earnings calculation
 
—

 
1,230

 
 
 
 
 
Earnings per share:
 
 
 
 
Basic
 
$
0.47

 
$
0.51

Diluted
 
$
0.47

 
$
0.50


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(1) Average diluted shares outstanding are computed using the treasury stock method.