Earnings Per Share

9 Months Ended

Sep. 30, 2019

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 September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in thousands, except per share data)
Net income	$	12,976	$	11,940	$	45,463	$	29,339

Weighted average common shares outstanding - basic	21,660		21,102		21,348		21,073
Effect of potential dilutive securities:
Conversion of stock options	572		602		581		595
Conversion of restricted stock	45		17		36		3
Weighted average common shares outstanding - diluted	22,277		21,721		21,965		21,671

Earnings per common share:
Basic	$	0.60	$	0.57	$	2.13	$	1.39
Diluted	$	0.58	$	0.55	$	2.07	$	1.35

There were no anti-dilutive stock awards for the three months ended September 30, 2019 and 2018. There were approximately 54 thousand and approximately 86 thousand anti-dilutive stock awards for the nine months ended September 30, 2019 and 2018, respectively.