2020

2019

2018

(In thousands, except per share data)

Net income, as reported

$

34,674

$

41,279

$

55,090

Divided by:

Weighted average common shares outstanding

29,301

28,709

Weighted average common stock equivalents

—

1

Total weighted average common shares outstanding and common stock equivalents

29,301

28,709

28,710

Basic earnings per common share

$

1.18

$

1.44

$

1.92

Diluted earnings per common share

$

1.18

$

1.44

$

1.92

Dividend Payout ratio

71.2

%

58.3

%

41.7

%