Calculation of Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Calculation of Basic and Diluted 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