Diluted earnings per share is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine diluted earnings per share. For both the three months and nine months ended September 30, 2018, the treasury stock method is more dilutive and was used to determine diluted earnings per share. The following table reconciles the numerators and denominators of basic and diluted earnings per share calculations for the periods presented.



	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except share and per share data)	2018			2017			2018			2017
Numerator for Earnings per Share—Basic:
Net income		$	30,881		$	22,721		$	78,480		$	63,674
Less: Income allocated to participating shares		87			73			229			214
Net Income Allocated to Shareholders		$	30,794		$	22,648		$	78,251		$	63,460

Numerator for Earnings per Share—Diluted:
Net income		$	30,881		$	22,721		$	78,480		$	63,674
Net Income Available to Shareholders		$	30,881		$	22,721		$	78,480		$	63,674

Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic		34,799,174			34,751,266			34,783,175			34,722,370
Add: Potentially dilutive shares		220,118			208,873			228,909			208,139
Denominator for Treasury Stock Method—Diluted		35,019,292			34,960,139			35,012,084			34,930,509

Weighted Average Shares Outstanding—Basic		34,799,174			34,751,266			34,783,175			34,722,370
Add: Average participating shares outstanding		98,579			111,821			101,808			116,969
Denominator for Two-Class Method—Diluted		34,897,753			34,863,087			34,884,983			34,839,339

Earnings per share—basic		$	0.89		$	0.65		$	2.26		$	1.83
Earnings per share—diluted		$	0.88		$	0.65		$	2.24		$	1.82
Warrants considered anti-dilutive excluded from potentially dilutive shares - exercise price $31.53 per share, expires January 2019 ⁽¹⁾		285,915			443,575			351,166			452,188
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		113,451			92,577			113,390			95,707

⁽¹⁾We repurchased our outstanding warrant on September 11, 2018 for $7.7 million. Prior to the repurchase, the warrant provided the holder the right to 517,012 shares of common stock at a strike price of $31.53 per share via cashless exercise.