Calculation of Earnings Per Share

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	6,046	$	8,029	$	25,190	$	28,396
Weighted average shares outstanding	16,340,665		15,315,020		16,329,009		15,300,931
Basic Earnings Per Share	$	0.37	$	0.52	$	1.54	$	1.86
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	6,046	$	8,029	25,190		28,396
Reconciliation of Denominator:
Weighted shares outstanding—Basic	16,340,665		15,315,020		16,329,009		15,300,931
Effect of dilutive securities—Share-based compensation	41,542		37,682		44,029		41,356
Adjusted denominator—Diluted	16,382,207		15,352,702		16,373,038		15,342,287
Diluted Earnings Per Share	$	0.37	$	0.52	$	1.54	$	1.85