Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

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,
	2020		2019		2020		2019
	(In thousands, except per share data)
Net income	$	19,584	$	12,445	$	39,166	$	32,556
Weighted average shares outstanding (1)		21,881		22,486		22,014		23,033
Stock units for deferred compensation plan for non-employee directors		117		132		119		131
Effect of stock options		85		110		90		116
Performance share units		32		42		33		39
Weighted average shares outstanding for calculation of diluted earnings per share		22,115		22,770		22,256		23,319
Net income per common share
Basic (1)	$	0.90	$	0.55	$	1.78	$	1.41
Diluted	$	0.89	$	0.55	$	1.76	$	1.40

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