Shareholders' Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31,
	2019		2018
	(In thousands, except per share data)
Net income	$	9,381	$	9,161
Weighted average shares outstanding (1)		23,588		21,365
Effect of stock options		127		135
Stock units for deferred compensation plan for non-employee directors		130		125
Performance share units		40		49
Weighted average shares outstanding for calculation of diluted earnings per share		23,885		21,674
Net income per common share
Basic (1)	$	0.40	$	0.43
Diluted	$	0.39	$	0.42

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