Shareholders' Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021		2020
	(In thousands, except per share data)
Net income	$	22,037	$	4,810
Weighted average shares outstanding (1)		21,826		22,271
Stock units for deferred compensation plan for non-employee directors		120		122
Effect of stock options		83		99
Performance share units		30		37
Weighted average shares outstanding for calculation of diluted earnings per share		22,059		22,529
Net income per common share
Basic (1)	$	1.01	$	0.22
Diluted	$	1.00	$	0.21

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