Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2021

Net Income per Share

Reconciliation of Calculation of Basic and Diluted Income Per Share

The following is a reconciliation of the calculation of basic and diluted income per share:

	For the three months ended June 30,				For the six months ended June 30,
(In thousands, except per share amounts)	2021		2020		2021		2020
Net income	$	8,418	$	5,171	$	16,914	$	10,539
Weighted average common shares outstanding - Basic		10,427		10,792		10,432		10,838
Plus: Potential dilutive common stock equivalents		142		96		135		124
Weighted average common shares outstanding - Diluted		10,569		10,888		10,567		10,962
Net income per common share - Basic	$	0.81	$	0.48	$	1.62	$	0.97
Net income per common share - Diluted		0.80		0.47		1.60		0.96
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		247		450		262		403