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EPS (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Analysis of Basic and Diluted Earnings Per Share
The following is an analysis of basic and diluted EPS, reflecting the application of the two-class method, as described below:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In thousands, except number of shares and per share data)
 
2019
 
2018
 
2019
 
2018
Net income
 
$
14,488

 
$
14,057

 
$
41,965

 
$
39,094

Dividends and undistributed earnings allocated to participating securities(1)
 
(33
)
 
(39
)
 
(86
)
 
(110
)
Net income available to common shareholders
 
$
14,455

 
$
14,018

 
$
41,879

 
$
38,984

Weighted-average common shares outstanding for basic EPS
 
15,339,093

 
15,580,782

 
15,482,765

 
15,565,355

Dilutive effect of stock-based awards(2)
 
42,835

 
58,204

 
39,736

 
56,045

Weighted-average common and potential common shares for diluted EPS
 
15,381,928

 
15,638,986

 
15,522,501

 
15,621,400

Earnings per common share:
 
 

 
 

 
 
 
 
Basic EPS
 
$
0.94

 
$
0.90

 
$
2.70

 
$
2.50

Diluted EPS
 
$
0.94

 
$
0.90

 
$
2.70

 
$
2.50


(1)
Represents dividends paid and undistributed earnings allocated to nonvested stock-based awards that contain non-forfeitable rights to dividends.
(2)
Represents the effect of the assumed exercise of stock options and vesting of restricted shares and restricted stock units utilizing the treasury stock method. Not included are the unvested LTIP awards, which are the Company's performance-based awards.