Net Income Per Common Share

6 Months Ended

Jun. 30, 2016

Note 6 — 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 options and vesting of restricted stock units when dilutive.

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Basic weighted average common shares outstanding		17,863		18,007		17,812		18,033
Weighted average common equivalent shares		282		261		223		281
Diluted weighted average common shares outstanding		18,145		18,268		18,035		18,314
Options excluded from diluted weighted average share calculation as effect would have been anti-dilutive		911		1,012		1,324		852