Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2018

Shareholders' Equity and Earnings Per Common Share [Abstract]

Reconciliation of Basic and Diluted Net Income Per Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(In thousands, except per share data)
Net income	$	11,925	$	6,859	$	29,903	$	18,764
Weighted average shares outstanding (1)		24,149		21,334		23,218		21,325
Effect of stock options		182		138		180		144
Stock units for deferred compensation plan for non-employee directors		129		121		126		120
Performance share units		55		59		52		57
Weighted average shares outstanding for calculation of diluted earnings per share		24,515		21,652		23,576		21,646
Net income per common share
Basic (1)	$	0.49	$	0.32	$	1.29	$	0.88
Diluted	$	0.49	$	0.32	$	1.27	$	0.87

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