Net Income per Share (Tables)

12 Months Ended

Dec. 31, 2022

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 net income per share for the past three years:

	For the years ended December 31,
(In thousands, except per share amounts)	2022		2021		2020
Net income	$	38,457	$	36,119	$	23,644
Weighted average common shares outstanding - Basic		10,508		10,403		10,709
Plus: Potential dilutive common stock equivalents		197		143		105
Weighted average common shares outstanding - Diluted		10,705		10,546		10,814
Net income per common share - Basic	$	3.66	$	3.47	$	2.21
Net income per common share - Diluted		3.59		3.43		2.19
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		1,364		259		414