Calculation of Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	6,294	$	5,134	$	27,403	$	22,815
Weighted average shares outstanding	15,235,860		14,556,242		14,922,094		14,522,133
Basic Earnings Per Share	$	0.41	$	0.35	$	1.84	$	1.57
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	6,294	$	5,134	$	27,403	$	22,815
Reconciliation of Denominator:
Weighted shares outstanding—Basic	15,235,860		14,556,242		14,922,094		14,522,133
Effect of dilutive securities:
Share-based compensation	44,797		50,537		48,096		51,510
Adjusted denominator—Diluted	15,280,657		14,606,779		14,970,190		14,573,643
Diluted Earnings Per Share	$	0.41	$	0.35	$	1.83	$	1.57

As discussed in Note 1, Summary of Accounting Policies, the previously reported share and per share amounts have been restated in the accompanying condensed consolidated financial statements and related notes to reflect the stock split effected in the form of a stock dividend.