Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

16.         Earnings Per Share

The following is a reconciliation of basic and diluted EPS for the years presented in the consolidated statements of income:

	Years Ended December 31,
	2022						2021						2020
(In thousands except per share data)	Net Income		Weighted Average Shares		Per Share Amount		Net Income		Weighted Average Shares		Per Share Amount		Net Income		Weighted Average Shares		Per Share Amount
Basic EPS	$	151,995		42,917	$	3.54	$	154,885		43,421	$	3.57	$	104,388		43,693	$	2.39
Effect of dilutive securities:
Stock-based compensation				264						298						296
Diluted EPS	$	151,995		43,181	$	3.52	$	154,885		43,719	$	3.54	$	104,388		43,989	$	2.37

There was a nominal number of weighted average stock options outstanding for the years ended December 31, 2022, 2021 and 2020, that were not considered in the calculation of diluted EPS since the stock options’ exercise prices were greater than the average market price during these periods.