XML 26 R16.htm IDEA: XBRL DOCUMENT v3.23.1
EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period, which includes shares held in treasury on behalf of participants in the Company’s Directors Fee Deferral Plan, and share repurchases. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based awards and warrants, none of which were antidilutive.
Three Months Ended March 31,
20232022
Weighted average shares outstanding for basic earnings per common share25,583,026 25,515,271 
Dilutive effect of stock based awards159,859 175,101 
Weighted average shares outstanding for diluted earnings per common share25,742,885 25,690,372 
Basic earnings per common share$0.95 $0.93 
Diluted earnings per common share$0.94 $0.92