Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Diluted, by Common Class

The basic and diluted earnings per share (“EPS”), and the basic and diluted weighted average shares outstanding for all periods as presented in the accompanying Consolidated Statements of Income are shown below:

	For the year ended December 31,
	(In thousands, except per share amounts)
Earnings per share:	2020		2019		2018
Basic earnings per common share	$	3.03	$	3.17	$	2.97
Diluted earnings per common share	$	3.02	$	3.16	$	2.95
Basic weighted average shares outstanding	30,510		30,511		31,393
Diluted weighted average shares outstanding	30,571		30,594		31,534

Schedule of Weighted Average Number of Shares

Diluted shares outstanding are determined as follows for each year ended December 31, 2020, 2019, and 2018:

	For the year ended December 31,
	(In thousands)
	2020	2019	2018
Basic weighted average shares outstanding	30,510	30,511	31,393
Incremental shares for common stock equivalents	61	83	141
Diluted shares outstanding	30,571	30,594	31,534