Calculation of Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended
	March 31,
	2023		2022
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	36,344	$	36,933
Weighted average shares outstanding	17,759,896		17,678,060
Basic Earnings Per Share	$	2.05	$	2.09
Calculation of Diluted Earnings Per Share:
Net Income	$	36,344	$	36,933
Reconciliation of Denominator:
Weighted shares outstanding—Basic	17,759,896		17,678,060
Effect of dilutive securities—Share-based compensation	71,876		83,059
Adjusted denominator—Diluted	17,831,772		17,761,119
Diluted Earnings Per Share	$	2.04	$	2.08