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Computation of Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings per share for the year ended December 31 was as follows:

 

 

 

2020

 

 

2019

 

 

2018

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

29,803

 

 

$

23,303

 

 

$

26,581

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Determination of shares (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

4,923

 

 

 

5,031

 

 

 

5,032

 

Dilutive effect - share-based awards

 

 

61

 

 

 

56

 

 

 

75

 

Diluted weighted-average common shares outstanding

 

 

4,984

 

 

 

5,087

 

 

 

5,107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

6.05

 

 

$

4.63

 

 

$

5.28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

5.98

 

 

$

4.58

 

 

$

5.21