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Shareholders' Equity and Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of basic and diluted net income per common share follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(In thousands, except
per share data)
Net income$13,810 $17,543 $48,329 $45,324 
Weighted average shares outstanding (1)20,896 20,922 20,892 21,021 
Stock units for deferred compensation plan for non-employee directors182 163 178 157 
Performance share units34 21 27 17 
Effect of stock options12 
Weighted average shares outstanding for calculation of diluted earnings per share21,115 21,114 21,100 21,207 
Net income per common share
Basic (1)$0.66 $0.84 $2.31 $2.16 
Diluted$0.65 $0.83 $2.29 $2.14 
(1)Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.