Net Income Per Common Share

3 Months Ended

Mar. 31, 2017

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
	March 31,
	2017		2016
Basic weighted average common shares outstanding		18,230		17,762
Weighted average common equivalent shares		306		163
Diluted weighted average common shares outstanding		18,536		17,925
Share based awards excluded from diluted weighted average share calculation as effect would have been anti-dilutive		374		1,736