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EPS (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31, |  |
(In thousands, except number of shares and per share data) |  | 2024 |  | 2023 |  |  |  |
Net income |  | $ | 13,272 |  |  | $ | 12,727 |  |  |  |  |
Dividends and undistributed earnings allocated to participating securities(1) |  | (11) |  |  | (25) |  |  |  |  |
Net income available to common shareholders |  | $ | 13,261 |  |  | $ | 12,702 |  |  |  |  |
Weighted-average common shares outstanding for basic EPS |  | 14,572,051 |  |  | 14,573,122 |  |  |  |  |
Dilutive effect of stock-based awards(2) |  | 53,720 |  |  | 58,420 |  |  |  |  |
Weighted-average common and potential common shares for diluted EPS |  | 14,625,771 |  |  | 14,631,542 |  |  |  |  |
Earnings per common share: |  |  |  |  |  |  |  |
Basic EPS |  | $ | 0.91 |  |  | $ | 0.87 |  |  |  |  |
Diluted EPS |  | $ | 0.91 |  |  | $ | 0.87 |  |  |  |  |
Awards excluded from the calculation of diluted EPS(3): |  |  |  |  |  |  |  |
Performance-based awards |  | — |  |  | 1,141 |  |  |  |  |
(1) Represents dividends paid and undistributed earnings allocated to non-vested stock-based awards that contain non-forfeitable rights to dividends. (2) Represents the assumed dilutive effect of unexercised and/or unvested stock options, restricted shares, restricted share units and contingently issuable performance-based awards utilizing the treasury stock method. (3) Represents stock-based awards not included in the computation of potential common shares for purposes of calculating diluted EPS as the exercise prices were greater than the average market price of the Company's common stock, and, therefore, are considered anti-dilutive.

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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