Calculation of Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended
	March 31,
	2022		2021
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	36,933	$	34,466
Weighted average shares outstanding	17,678,060		17,485,866
Basic Earnings Per Share	$	2.09	$	1.97
Calculation of Diluted Earnings Per Share:
Net Income	$	36,933	$	34,466
Reconciliation of Denominator:
Weighted shares outstanding—Basic	17,678,060		17,485,866
Effect of dilutive securities—Share-based compensation	83,059		67,301
Adjusted denominator—Diluted	17,761,119		17,553,167
Diluted Earnings Per Share	$	2.08	$	1.96