Three Months Ended

Six Months Ended

June 30,

2021

2020

2021

2020

(in thousands, except shares and per share data)

Calculation of Basic Earnings Per Share:

Income from Continuing Operations

$

13,815

$

10,661

$

48,287

$

39,702

Income/(Loss) from Discontinued Operations

(2)

295

(8)

184

Net Income

$

13,813

$

10,956

$

48,279

$

39,886

Weighted average shares outstanding

17,546,346

16,448,490

17,516,273

16,431,724

Basic Earnings Per Share from Continuing Operations

$

0.79

$

0.65

$

2.76

$

2.42

Basic Earnings Per Share from Discontinued Operations

—

0.02

—

0.01

Basic Earnings Per Share

$

0.79

$

0.67

$

2.76

$

2.43

Calculation of Diluted Earnings Per Share:

Reconciliation of Denominator:

Weighted shares outstanding—Basic

17,546,346

16,448,490

17,516,273

16,431,724

Effect of dilutive securities—Share-based compensation

70,150

55,113

68,733

56,083

Adjusted denominator—Diluted

17,616,496

16,503,603

17,585,006

16,487,807

Diluted Earnings Per Share from Continuing Operations

$

0.78

$

0.64

$

2.75

$

2.41

Diluted Earnings Per Share from Discontinued Operations

—

0.02

—

0.01

Diluted Earnings Per Share

$

0.78

$

0.66

$

2.75

$

2.42