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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share

 

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

 

 

 

Three Months Ended

March 31,

 

(in thousands, except per share data)

 

2021

 

 

2020

 

Net income

 

$

7,917

 

 

$

3,852

 

Denominator for basic earnings per share – weighted-average

   number of common shares outstanding during the period

 

 

36,250

 

 

 

36,790

 

Incremental common shares attributable to exercise of dilutive

   options

 

 

51

 

 

 

77

 

Incremental common shares attributable to outstanding restricted

   stock units

 

 

410

 

 

 

204

 

Denominator for diluted earnings per share

 

 

36,711

 

 

 

37,071

 

Basic earnings per share

 

$

0.22

 

 

$

0.10

 

Diluted earnings per share

 

$

0.22

 

 

$

0.10