Calculation of Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

	Three Months Ended
	March 31,
	2019		2018
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	28,664	$	26,855
Weighted average shares outstanding	16,384,927		16,351,338
Basic Earnings Per Share	$	1.75	$	1.64
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	28,664	$	26,855
Reconciliation of Denominator:
Weighted shares outstanding—Basic	16,384,927		16,351,338
Effect of dilutive securities—Share-based compensation	47,925		51,647
Adjusted denominator—Diluted	16,432,852		16,402,985
Diluted Earnings Per Share	$	1.74	$	1.64