Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings per share

The following represents a reconciliation of the numerator and denominator of the basic and diluted earnings per share computations contained in the consolidated financial statements:



	Three Months Ended March 31,
	2018		2017
	(in thousands, except per share data)
Net income	$	7,287	$	6,281
Weighted average common shares outstanding - basic	21,045		20,969
Effect of potential dilutive securities:
Conversion of stock options	581		420
Conversion of restricted stock	2		—
Weighted average common shares outstanding - diluted	21,628		21,389

Earnings per common share:
Basic	$	0.35	$	0.30
Diluted	$	0.34	$	0.29

There were no anti-dilutive stock options for the three months ended March 31, 2018 and 2017.