2014

2013

2012

(In thousands, except per share data)

Net income, as reported

$

44,239

$

37,752

$

34,331

Divided by:

Weighted average common shares outstanding

29,788

30,047

30,402

Weighted average common stock equivalents

29

26

31

Total weighted average common shares outstanding and common stock equivalents

29,817

30,073

30,433

Basic earnings per common share

$

1.49

$

1.26

$

1.13

Diluted earnings per common share

$

1.48

$

1.26

$

1.13

Dividend Payout ratio

40.3

%

41.3

%

46.0

%