Calculation of Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended
	March 31,
	2016		2015
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	20,367	$	21,109
Weighted average shares outstanding	15,286,842		14,604,841
Basic Earnings Per Share	$	1.33	$	1.45
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	20,367	$	21,109
Reconciliation of Denominator:
Weighted shares outstanding—Basic	15,286,842		14,604,841
Effect of dilutive securities:
Share-based compensation	45,070		51,469
Adjusted denominator—Diluted	15,331,912		14,656,310
Diluted Earnings Per Share	$	1.33	$	1.44