Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30,				For the six months ended June 30,
(In thousands, except per share amounts)	2022		2021		2022		2021
Net income	$	9,451	$	8,418	$	18,559	$	16,914
Weighted average common shares outstanding - Basic		10,504		10,427		10,475		10,432

Plus: Potential dilutive common stock equivalents		202		142		210		135
Weighted average common shares outstanding - Diluted		10,706		10,569		10,685		10,567
Net income per common share - Basic	$	0.90	$	0.81	$	1.77	$	1.62
Net income per common share - Diluted		0.88		0.80		1.74		1.60
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		—		247		—		262