For the Years Ended December 31,

2023

2022

2021

(In thousands, except per share data)

Net income (numerator)

$

161,768

$

122,034

$

86,509

Basic earnings per common share

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

26,703

26,895

26,855

Basic earnings per common share

$

6.06

$

4.54

$

3.22

Diluted earnings per common share

Weighted average number of common shares outstanding - basic

26,703

26,895

26,855

Add common stock equivalents for options

3

12

15

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

26,706

26,907

26,870

Diluted earnings per common share

$

6.06

$

4.54

$

3.22