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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Earnings Per Share

The following is a summary of the basic and diluted earnings per share calculation for the three months ended March 31, 2019 and 2018 (in thousands except share data):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Basic net income per share calculation:

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

4,780

 

 

$

3,195

 

Denominator – Average common shares outstanding

 

 

17,783,239

 

 

 

11,664,245

 

Basic net income per share

 

$

0.27

 

 

$

0.27

 

Diluted net income per share calculation:

 

 

 

 

 

 

 

 

Numerator – Net income

 

$

4,780

 

 

$

3,195

 

Denominator – Average common shares outstanding

 

 

17,783,239

 

 

 

11,664,245

 

Dilutive shares contingently issuable

 

 

1,047,694

 

 

 

1,311,514

 

Average diluted common shares outstanding

 

 

18,830,933

 

 

 

12,975,759

 

Diluted net income per share

 

$

0.25

 

 

$

0.25