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Earnings Per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share 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,
2022202120222021
Basic
Net income $8,562 $7,026 $16,820 $14,097 
Weighted-average common shares outstanding 13,542,677 14,267,290 13,560,237 14,286,362 
Basic earnings per share $0.63 $0.49 $1.24 $0.99 
 
Diluted
Net income $8,562 $7,026 $16,820 $14,097 
Weighted-average common shares outstanding 13,542,677 14,267,290 13,560,237 14,286,362 
Effect of dilutive restricted stock and stock appreciation rights 258,864 243,192 247,611 239,906 
Weighted-average common shares outstanding assuming dilution 13,801,541 14,510,482 13,807,848 14,526,268 
Diluted earnings per share $0.62 $0.48 $1.22 $0.97