Earnings Per Share

9 Months Ended

Sep. 30, 2019

The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share. Net income for basic and diluted calculations do not differ.


	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands, except per share)	2019		2018		2019		2018
Net Income	$	17,418	$	23,543	$	53,338	$	56,897
Average Common Shares:
Basic (weighted-average outstanding shares)	11,748		11,689		11,724		11,649
Dilutive potential common shares from stock options	65		88		72		109
Diluted (weighted-average outstanding shares)	11,813		11,777		11,796		11,758

Basic earnings per share	$	1.48	$	2.01	$	4.55	$	4.88
Diluted earnings per share	$	1.47	$	2.00	$	4.52	$	4.84