Earnings Per Share

12 Months Ended

Dec. 31, 2019

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the year.

In 2019, 2018, and 2017, options to purchase 491,000, 483,000, and 274,000 shares, respectively, were antidilutive and accordingly were excluded in determining diluted earnings per share.



	For the Year Ended December 31
(In thousands, except per share data)	2019		2018		2017
Basic earnings per share
Net Income	$	98,739	$	67,275	$	42,865
Total weighted average common stock outstanding	51,449		47,969		42,613
Net income per share	$	1.92	$	1.40	$	1.01

Diluted earnings per share
Net Income	$	98,739	$	67,275	$	42,865

Total weighted average common stock outstanding	51,449		47,969		42,613
Add: Dilutive effect of employee restricted stock and stock options (See Note J)	580		779		737
Total weighted average diluted stock outstanding	52,029		48,748		43,350
Net income per share	$	1.90	$	1.38	$	0.99