XML 63 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Schedule of basic and diluted earnings per share
Calculation of basic earnings per share (Basic EPS) and diluted earnings per share (Diluted EPS) is shown below.
 
Year ended December 31,
(in thousands, except share and per share data)
2018
 
2017
 
2016
Basic
 
 
 
 
 
Net income available to common shareholders
$
82,308

 
$
52,494

 
$
59,340

Less: dividends and undistributed earnings allocated to unvested restricted stock awards
(1,315
)
 
(818
)
 
(912
)
Net earnings allocated to common shareholders
80,993

 
51,676

 
58,428

 
 
 
 
 
 
Weighted average shares outstanding, including participating securities
15,283,914

 
15,193,438

 
15,044,733

 
 
 
 
 
 
Less: average participating securities
(244,685
)
 
(243,006
)
 
(232,021
)
Weighted average shares outstanding - Basic
15,039,229

 
14,950,432

 
14,812,712

 
 
 
 
 
 
Diluted
 
 
 
 
 
Net earnings allocated to common shareholders
80,993

 
51,676

 
58,428

 
 
 
 
 
 
Weighted average shares outstanding - Basic
15,039,229

 
14,950,432

 
14,812,712

 
 
 
 
 
 
Dilutive effect of common stock options or restricted stock awards
93,028

 
122,823

 
123,519

 
 
 
 
 
 
Weighted average shares outstanding - Diluted
15,132,257

 
15,073,255

 
14,936,231

 
 
 
 
 
 
Basic EPS
$
5.39

 
$
3.46

 
$
3.94

Diluted EPS
$
5.35

 
$
3.43

 
$
3.91