Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.19.3.a.u2
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Computations
Earnings per share computations are based upon the following table:
(In thousands, except per share data) 2019 2018 2017
Net Income $ 52,017    $ 46,803    $ 19,679   
Basic Earnings Weighted Average Shares 32,028    32,351    32,874   
Net Effect of Dilutive Stock Options 431    785    844   
Diluted Earnings Weighted Average Shares 32,459    33,136    33,718   
Basic Earnings Per Share $ 1.62    $ 1.45    $ 0.60   
Diluted Earnings Per Share $ 1.60    $ 1.41    $ 0.58   
The above information has been adjusted to reflect the impact of the three-for-twenty distribution of Class B Stock for shareholders of record on October 12, 2018.