Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2022

Note 11 — Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the basic weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding stock options and the vesting of restricted stock units.

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended
	March 31,
	2022		2021
Basic weighted average common shares outstanding		18,988		19,061
Weighted average common equivalent shares		276		227
Diluted weighted average common shares outstanding		19,264		19,288
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		—		3