Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(In thousands, except per share data)
Net income	$	12,445	$	11,925	$	32,556	$	29,903
Weighted average shares outstanding (1)		22,486		24,149		23,033		23,218
Stock units for deferred compensation plan for non-employee directors		132		129		131		126
Effect of stock options		110		182		116		180
Performance share units		42		55		39		52
Weighted average shares outstanding for calculation of diluted earnings per share		22,770		24,515		23,319		23,576
Net income per common share
Basic (1)	$	0.55	$	0.49	$	1.41	$	1.29
Diluted	$	0.55	$	0.49	$	1.40	$	1.27

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