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EPS (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Analysis of Basic and Diluted Earnings Per Share
The following is an analysis of basic and diluted EPS, reflecting the application of the two-class method, as described below:
 
 
Three Months Ended
March 31,
(In thousands, except number of shares and per share data)
 
2020
 
2019
Net income
 
$
13,493

 
$
14,273

Dividends and undistributed earnings allocated to participating securities(1)
 
(28
)
 
(28
)
Net income available to common shareholders
 
$
13,465

 
$
14,245

Weighted-average common shares outstanding for basic EPS
 
15,103,176

 
15,592,141

Dilutive effect of stock-based awards(2)
 
44,042

 
41,985

Weighted-average common and potential common shares for diluted EPS
 
15,147,218

 
15,634,126

Earnings per common share:
 
 

 
 

Basic EPS
 
$
0.89

 
$
0.91

Diluted EPS
 
$
0.89

 
$
0.91

Awards excluded from the calculation of diluted EPS(3):
 
 
 
 
Stock options
 
1,000

 
1,000


(1)
Represents dividends paid and undistributed earnings allocated to nonvested stock-based awards that contain non-forfeitable rights to dividends.
(2)
Represents the assumed dilutive effect of unexercised and/or unvested stock options, restricted shares, restricted share units and contingently issuable performance-based awards utilizing the treasury stock method.