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

The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

Year Ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

Numerators:

 

 

 

 

 

 

 

 

Consolidated net income

$

74,051

 

 

$

50,331

 

 

$

44,521

 

 

 

 

 

 

 

 

 

 

Denominators:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding— basic

 

35,652

 

 

 

35,396

 

 

 

35,144

 

Dilutive potential common shares

 

257

 

 

 

385

 

 

 

510

 

Weighted average common shares outstanding— diluted

 

35,909

 

 

 

35,781

 

 

 

35,654

 

Antidilutive potential common shares excluded from above

 

91

 

 

 

13

 

 

 

13

 

 

 

 

 

 

 

 

 

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

Basic

$

2.08

 

 

$

1.42

 

 

$

1.27

 

Diluted

$

2.06

 

 

$

1.41

 

 

$

1.25