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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2022
EARNINGS PER SHARE  
Schedule of reconciliation of basic to diluted earnings per share

The following is a reconciliation of basic to diluted earnings per share for the years ended December 31, 2022, 2021 and 2020.

(000’s omitted, except per share data)

    

2022

    

2021

    

2020

Net income

$

188,081

$

189,694

$

164,676

Income attributable to unvested stock-based compensation awards

 

(533)

 

(445)

 

(514)

Income available to common shareholders

$

187,548

$

189,249

$

164,162

Weighted-average common shares outstanding – basic

 

53,896

 

53,977

 

52,969

Basic earnings per share

$

3.48

$

3.51

$

3.10

Net income

$

188,081

$

189,694

$

164,676

Income attributable to unvested stock-based compensation awards

 

(533)

 

(445)

 

(514)

Income available to common shareholders

$

187,548

$

189,249

$

164,162

Weighted-average common shares outstanding

 

53,896

 

53,977

 

52,969

Assumed exercise of stock options

 

312

 

423

 

352

Weighted-average common shares outstanding – diluted

 

54,208

 

54,400

 

53,321

Diluted earnings per share

$

3.46

$

3.48

$

3.08

Cash dividends declared per share

$

1.74

$

1.70

$

1.66