For the Years Ended December 31,

2021

2020

2019

(In thousands, except per share data)

Net income (numerator)

$

86,509

$

80,413

$

80,389

Basic earnings per common share

Weighted average number of common shares outstanding - basic (denominator)

26,855

26,942

26,956

Basic earnings per common share

$

3.22

$

2.98

$

2.98

Diluted earnings per common share

Weighted average number of common shares outstanding - basic

26,855

26,942

26,956

Add common stock equivalents for options

15

18

50

Weighted average number of common shares outstanding - diluted (denominator)

26,870

26,960

27,006

Diluted earnings per common share

$

3.22

$

2.98

$

2.98