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Earnings Per Share
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share. Net income for basic and diluted calculations does not differ.
(in thousands, except per share amounts)
2017
 
2016
 
2015
 
 
 
 
 
 
Net income
$
44,315

 
$
40,045

 
$
43,209

 
 
 
 
 
 
Average common shares:
 

 
 

 
 

Basic (weighted-average outstanding shares)
11,549

 
11,434

 
11,349

Dilutive potential common shares from stock options
133

 
131

 
133

 
Diluted (weighted-average outstanding shares)
11,682

 
11,565

 
11,482

 
 
 
 
 
 
Basic earnings per share
$
3.84

 
$
3.50

 
$
3.81

 
 
 
 
 
 
Diluted earnings per share
$
3.79

 
$
3.46

 
$
3.76


 
Stock options totaling 1,565 shares in 2017, 21,491 shares in 2016, and 61,690 shares in 2015 were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.