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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

Year Ended December 31
(in thousands except per share data)
 
2022
   
2021
   
2020
 
Numerator:
                 
Net income
 
$
81,814
   
$
87,939
   
$
59,504
 
                         
Denominator:
                       
Basic earnings per share:
                       
Weighted average shares
   
17,836
     
17,786
     
17,748
 
Diluted earnings per share:
                       
Dilutive effect of equity grants
   
15
     
18
     
8
 
Adjusted weighted average shares
   
17,851
     
17,804
     
17,756
 
                         
Earnings per share:
                       
Basic earnings per share
 
$
4.59
   
$
4.94
   
$
3.35
 
Diluted earnings per share
   
4.58
     
4.94
     
3.35