Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

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 does not differ.

(in thousands, except per share amounts)	2021		2020		2019
Net income	$	80,245	$	57,804	$	63,103
Average common shares:
Basic (weighted-average outstanding shares)	11,837		11,782		11,729
Dilutive potential common shares from stock options	59		63		71
Diluted (weighted-average outstanding shares)	11,896		11,845		11,800
Basic earnings per share	$	6.78	$	4.91	$	5.38
Diluted earnings per share	$	6.75	$	4.88	$	5.35

Stock options totaling 15,586 shares in 2021, 9,864 shares in 2020, and 4,244 shares in 2019 were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.