Calculation of Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2020		2019			2020		2019
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Income from Continuing Operations	$	10,661	$	8,914		$	39,702	$	37,725
Income (Loss) from Discontinued Operations	295		(610		)	184		(757		)
Net Income	$	10,956	$	8,304		$	39,886	$	36,968
Weighted average shares outstanding	16,448,490		16,401,028			16,431,724		16,393,022
Basic Earnings Per Share from Continuing Operations	$	0.65	$	0.55		$	2.42	$	2.31
Basic Earnings (Loss) Per Share from Discontinued Operations	0.02		(0.04		)	0.01		(0.05		)
Basic Earnings Per Share	$	0.67	$	0.51		$	2.43	$	2.26
Calculation of Diluted Earnings Per Share:
Reconciliation of Denominator:
Weighted shares outstanding—Basic	16,448,490		16,401,028			16,431,724		16,393,022
Effect of dilutive securities—Share-based compensation	55,113		44,715			56,083		46,311
Adjusted denominator—Diluted	16,503,603		16,445,743			16,487,807		16,439,333
Diluted Earnings Per Share from Continuing Operations	$	0.64	$	0.54		$	2.41	$	2.30
Diluted Earnings (Loss) Per Share from Discontinued Operations	0.02		(0.04		)	0.01		(0.05		)
Diluted Earnings Per Share	$	0.66	$	0.50		$	2.42	$	2.25