Calculation of Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended
	March 31,
	2020			2019
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Income from Continuing Operations	$	29,026		$	28,814
Loss from Discontinued Operations	(96		)	(150		)
Net Income	$	28,930		$	28,664
Weighted average shares outstanding	16,414,773			16,384,927
Basic Earnings Per Share from Continuing Operations	$	1.77		$	1.76
Basic Loss Per Share from Discontinued Operations	(0.01		)	(0.01		)
Basic Earnings Per Share	$	1.76		$	1.75
Calculation of Diluted Earnings Per Share:
Reconciliation of Denominator:
Weighted shares outstanding—Basic	16,414,773			16,384,927
Effect of dilutive securities—Share-based compensation	57,054			47,925
Adjusted denominator—Diluted	16,471,827			16,432,852
Diluted Earnings Per Share from Continuing Operations	$	1.77		$	1.75
Diluted Loss Per Share from Discontinued Operations	(0.01		)	(0.01		)
Diluted Earnings Per Share	$	1.76		$	1.74