v3.25.2
Shareholders' Equity and Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Reconciliation of Basic and Diluted Net Income Per Common Share
A reconciliation of basic and diluted net income per common share follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(In thousands, except
per share data)
Net income$16,877 $18,528 $32,467 $34,519 
Weighted average shares outstanding (1)20,750 20,902 20,846 20,889 
Stock units for deferred compensation plan for non-employee directors170 179 175 177 
Performance share units24 22 26 23 
Effect of stock options
Weighted average shares outstanding for calculation of diluted earnings per share20,946 21,105 21,049 21,092 
Net income per common share
Basic (1)$0.81 $0.89 $1.56 $1.65 
Diluted$0.81 $0.88 $1.54 $1.64 
(1)Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.