EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023, 2022 and 2021.

(000’s omitted, except per share data)	2023		2022		2021
Net income	$	131,924	$	188,081	$	189,694
Income attributable to unvested stock-based compensation awards		(447)		(533)		(445)
Income available to common shareholders	$	131,477	$	187,548	$	189,249
Weighted-average common shares outstanding – basic		53,601		53,896		53,977
Basic earnings per share	$	2.45	$	3.48	$	3.51
Net income	$	131,924	$	188,081	$	189,694
Income attributable to unvested stock-based compensation awards		(447)		(533)		(445)
Income available to common shareholders	$	131,477	$	187,548	$	189,249
Weighted-average common shares outstanding – basic		53,601		53,896		53,977
Assumed exercise of stock options		124		312		423
Weighted-average common shares outstanding – diluted		53,725		54,208		54,400
Diluted earnings per share	$	2.45	$	3.46	$	3.48
Cash dividends declared per share	$	1.78	$	1.74	$	1.70