Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Shareholders' Equity and Earnings Per Common Share [Abstract]

Reconciliation of Basic and Diluted Net Income Per Share

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands, except per share data)
Net income	$	15,962	$	19,584	$	50,387	$	39,166
Weighted average shares outstanding (1)		21,516		21,881		21,696		22,014
Stock units for deferred compensation plan for non-employee directors		118		117		119		119
Effect of stock options		60		85		71		90
Performance share units		32		32		32		33
Weighted average shares outstanding for calculation of diluted earnings per share		21,726		22,115		21,918		22,256
Net income per common share
Basic (1)	$	0.74	$	0.90	$	2.32	$	1.78
Diluted	$	0.73	$	0.89	$	2.30	$	1.76

(1) Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.