Calculation of Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

	Three Months Ended
	March 31,
	2021		2020
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Income from Continuing Operations	$	34,472	$	29,041
Loss from Discontinued Operations	(6)		(111)
Net Income	$	34,466	$	28,930
Weighted average shares outstanding	17,485,866		16,414,773
Basic Earnings Per Share from Continuing Operations	$	1.97	$	1.77
Basic Loss Per Share from Discontinued Operations	—		(0.01)
Basic Earnings Per Share	$	1.97	$	1.76
Calculation of Diluted Earnings Per Share:
Reconciliation of Denominator:
Weighted shares outstanding—Basic	17,485,866		16,414,773
Effect of dilutive securities—Share-based compensation	67,301		57,054
Adjusted denominator—Diluted	17,553,167		16,471,827
Diluted Earnings Per Share from Continuing Operations	$	1.96	$	1.77
Diluted Loss Per Share from Discontinued Operations	—		(0.01)
Diluted Earnings Per Share	$	1.96	$	1.76