Net Income per Share (Tables)

12 Months Ended

Dec. 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 net income per share for the past three years:

	For the years ended December 31,
(In thousands, except per share amounts)	2021		2020		2019
Net income	$	36,119	$	23,644	$	23,653
Weighted average common shares outstanding - Basic		10,403		10,709		10,845
Plus: Potential dilutive common stock equivalents		143		105		184
Weighted average common shares outstanding - Diluted		10,546		10,814		11,029
Net income per common share - Basic	$	3.47	$	2.21	$	2.18
Net income per common share - Diluted		3.43		2.19		2.14
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		259		414		243