Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2022

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:	2022		2021		2020
Basic earnings per common share	$	2.10	$	2.23	$	3.03
Diluted earnings per common share	$	2.10	$	2.22	$	3.02
Basic weighted average shares outstanding	30,761		30,625		30,510
Diluted weighted average shares outstanding	30,761		30,664		30,571

Schedule of Weighted Average Number of Shares

Diluted shares outstanding are determined as follows for each year ended December 31, 2022, 2021, and 2020:


	For the year ended December 31,
	(In thousands)
	2022	2021	2020
Basic weighted average shares outstanding	30,761	30,625	30,510
Incremental shares for common stock equivalents	—	39	61
Diluted shares outstanding	30,761	30,664	30,571