Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Earnings per share was calculated as follows:

	Three Months Ended March 31,
(In thousands, except per-share amounts)	2021		2020
BASIC
Net income	$	6,993	$	5,846
Weighted-average common shares outstanding	13,803		13,960
Basic earnings per share	$	0.51	$	0.42
DILUTED
Net income	$	6,993	$	5,846
Weighted-average common shares outstanding for basic	13,803		13,960
Dilutive effect of stock options, restricted stock and common stock warrants	396		251
Weighted-average common shares outstanding on a diluted basis	14,199		14,211
Diluted earnings per share	$	0.49	$	0.41

Securities Excluded from the Computation of Diluted Earnings (Loss) Per Common Share

The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive:

	Three Months Ended March 31,
(In thousands)	2021	2020
Stock options	230	402
Restricted stock awards	50	51
Common stock warrants	—	275