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Earnings Per Share | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | Note 3 – Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. Under the treasury stock method, stock appreciation rights (“SARs”) are dilutive when the average market price of the Company’s common stock, combined with the effect of any unamortized compensation expense, exceeds the SAR price during a period. The calculations of basic and diluted earnings per share are as follows:
(In thousands except share and per share data) |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,026 |  | $ | 5,439 |  | $ | 14,097 |  | $ | 12,984
Weighted-average common shares outstanding |  |  | 14,267,290 |  |  | 14,349,040 |  |  | 14,286,362 |  |  | 14,385,927
Basic earnings per share |  | $ | .49 |  | $ | .38 |  | $ | .99 |  | $ | .90
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,026 |  | $ | 5,439 |  | $ | 14,097 |  | $ | 12,984
Weighted-average common shares outstanding |  |  | 14,267,290 |  |  | 14,349,040 |  |  | 14,286,362 |  |  | 14,385,927
Effect of dilutive restricted stock and stock appreciation rights |  |  | 243,192 |  |  | 196,159 |  |  | 239,906 |  |  | 201,930
Weighted-average common shares outstanding assuming dilution |  |  | 14,510,482 |  |  | 14,545,199 |  |  | 14,526,268 |  |  | 14,587,857
Diluted earnings per share |  | $ | .48 |  | $ | .37 |  | $ | .97 |  | $ | .89

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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