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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Schedule of basic and diluted earnings per share | Earnings per share in the table below, for the three and six month periods ended June 30, 2022 and 2021 are calculated under the two-class method as required by ASC Topic 260, Earnings Per Share. ASC 260 provides that unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. The Company has issued restricted stock awards that contain such rights and are therefore considered participating securities. Basic earnings per common share are calculated by dividing net income allocable to common stock by the weighted average number of common shares, excluding participating securities, during the period. Diluted earnings per common share include the dilutive effect of participating securities.
| Three Months Ended
(In thousands, except share and per share data) | 6/30/2022 | 6/30/2021
Basic |  |
Net income available to common shareholders | $ | 20,869 |  | $ | 22,831 |
Less: income attributable to unvested stock-based compensation awards | (67) |  | (164) |
Net earnings allocated to common shareholders | 20,802 |  | 22,667 |
Weighted average shares outstanding, including unvested stock-based compensation awards | 14,524,975 |  | 14,886,687 |
Less: average unvested stock-based compensation awards | (207,560) |  | (231,913) |
Weighted average shares outstanding - Basic | 14,317,415 |  | 14,654,774 |
Diluted |  |
Net earnings allocated to common shareholders | 20,802 |  | 22,667 |
Weighted average shares outstanding - Basic | 14,317,415 |  | 14,654,774 |
Plus: incremental shares from assumed conversion of stock-based compensation awards | 70,186 |  | 82,961 |
Weighted average shares outstanding - Diluted | 14,387,601 |  | 14,737,735 |
Basic EPS | $ | 1.45 |  | $ | 1.55 |
Diluted EPS | $ | 1.45 |  | $ | 1.54 |
| Six Months Ended
(In thousands, except share and per share data) | 6/30/2022 | 6/30/2021
Basic |  |
Net income available to common shareholders | $ | 44,142 |  | $ | 48,457 |
Less: income attributable to unvested stock-based compensation awards | (143) |  | (350) |
Net earnings allocated to common shareholders | 43,999 |  | 48,107 |
Weighted average shares outstanding, including unvested stock-based compensation awards | 14,568,102 |  | 14,899,524 |
Less: unvested stock-based compensation awards | (209,633) |  | (234,003) |
Weighted average shares outstanding - Basic | 14,358,469 |  | 14,665,521 |
Diluted |  |
Net earnings allocated to common shareholders | 43,999 |  | 48,107 |
Weighted average shares outstanding - Basic | 14,358,469 |  | 14,665,521 |
Plus: incremental shares from assumed conversion of stock-based compensation awards | 74,183 |  | 82,055 |
Weighted average shares outstanding - Diluted | 14,432,652 |  | 14,747,576 |
Basic EPS | $ | 3.06 |  | $ | 3.28 |
Diluted EPS | $ | 3.05 |  | $ | 3.26 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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