Shareholders' Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended March 31,
	2023		2022
	(In thousands, except per share data)
Net income	$	12,991	$	17,967
Weighted average shares outstanding (1)	21,104		21,192
Stock units for deferred compensation plan for non-employee directors	150		128
Effect of stock options	21		56
Performance share units	22		22
Weighted average shares outstanding for calculation of diluted earnings per share	21,297		21,398
Net income per common share
Basic (1)	$	0.62	$	0.85
Diluted	$	0.61	$	0.84

(1)Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.