Shareholders' Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
	(In thousands, except per share data)
Net income	$	17,967	$	22,037
Weighted average shares outstanding (1)		21,192		21,826
Stock units for deferred compensation plan for non-employee directors		128		120
Effect of stock options		56		83
Performance share units		22		30
Weighted average shares outstanding for calculation of diluted earnings per share		21,398		22,059
Net income per common share
Basic (1)	$	0.85	$	1.01
Diluted	$	0.84	$	1.00

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