Year Ended December 31,

(In thousands, except per share data)

2020

2019

2018

Net income

$

42,042

$

51,691

$

39,227

Dividends paid on and earnings allocated to participating securities

(872)

(1,096)

(853)

Income attributable to common stock

$

41,170

$

50,595

$

38,374

Weighted average common shares outstanding, including participating securities

19,903

19,952

19,875

Weighted average participating securities

(409)

(424)

(434)

Weighted average common shares outstanding

19,494

19,528

19,441

Basic earnings per common share

$

2.11

$

2.59

$

1.97

Income attributable to common stock

$

41,170

$

50,595

$

38,374

Weighted average common shares outstanding

19,494

19,528

19,441

Incremental shares from assumed conversions of options and restricted stock units

55

31

27

Weighted average common and equivalent shares outstanding

19,549

19,559

19,468

Diluted earnings per common share

$

2.11

$

2.59

$

1.97