Year ended December 31,

(Amounts in thousands)

2020

2019

2018

Numerator (Included in basic and diluted earnings per share)

$

10,099

$

10,971

$

11,229

Denominator

Weighted average common shares outstanding for:

Basic earnings per common share

7,446

7,510

7,581

Dilutive securities:

Deferred compensation

36

58

84

Warrants—Treasury stock method

—

20

65

Diluted common shares outstanding

7,482

7,588

7,730

Basic earnings per common share

$

1.36

$

1.46

$

1.48

Diluted earnings per common share

$

1.35

$

1.45

$

1.45

The average market price used in calculating assumed number of shares

$

15.89

$

19.32

$

23.26