Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2021

Net Income per Share

Reconciliation of Calculation of Basic and Diluted Income Per Share

The following is a reconciliation of the calculation of basic and diluted income per share:

	For the three months ended March 31,
(In thousands, except per share amounts)	2021		2020
Net income	$	8,496	$	5,368
Weighted average common shares outstanding - Basic		10,437		10,883
Plus: Potential dilutive common stock equivalents		128		154
Weighted average common shares outstanding - Diluted		10,565		11,037
Net income per common share - Basic	$	0.81	$	0.49
Net income per common share - Diluted		0.80		0.49
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		154		363