Net Income per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,				For the nine months ended September 30, 2021
(In thousands, except per share amounts)	2021		2020		2021		2020
Net income	$	9,459	$	5,760	$	26,373	$	16,299
Weighted average common shares outstanding - Basic		10,372		10,630		10,412		10,768
Plus: Potential dilutive common stock equivalents		135		76		134		107
Weighted average common shares outstanding - Diluted		10,507		10,706		10,546		10,875
Net income per common share - Basic	$	0.91	$	0.54	$	2.53	$	1.51
Net income per common share - Diluted		0.90		0.54		2.50		1.50
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		270		430		234		413