Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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 2020, 2019, and 2018, options to purchase 508,000, 491,000, and 483,000 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)	2020		2019		2018
Basic earnings per share
Net Income	$	77,764	$	98,739	$	67,275
Total weighted average common stock outstanding	53,502		51,449		47,969
Net income per share	$	1.45	$	1.92	$	1.40
Diluted earnings per share
Net Income	$	77,764	$	98,739	$	67,275
Total weighted average common stock outstanding	53,502		51,449		47,969
Add: Dilutive effect of employee restricted stock and stock options (See “Note K - Employee Benefits and Stock Compensation”)	428		580		779
Total weighted average diluted stock outstanding	53,930		52,029		48,748
Net income per share	$	1.44	$	1.90	$	1.38