Earnings per share

12 Months Ended

Dec. 31, 2019

12. Earnings per share

For 2019, 2018, and 2017, earnings per share was computed as follows (in thousands, except per share amounts):

	Year Ended December 31,
	2019		2018		2017
Net income	$	516	$	5,426	$	3,211

Shares:
Basic: Weighted average common shares outstanding		7,466		7,444		7,423
Add: Dilutive effect of outstanding equity awards as determined by the treasury stock method		211		315		169
Diluted: Weighted average common and common equivalent shares outstanding		7,677		7,759		7,592

Net income per common share:
Basic	$	0.07	$	0.73	$	0.43
Diluted		0.07		0.70		0.42

The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock options, restricted stock units and performance stock awards, when the average market price of the common stock is lower than the exercise price of the related stock award during the period. These outstanding stock awards are not included in the computation of diluted earnings per share because the effect would be anti-dilutive. Anti-dilutive stock awards excluded from the computation of earnings per dilutive share were 447,000, 149,000 and 341,000, at December 31, 2019, 2018 and 2017 respectively.