Net Income Per Common Share

6 Months Ended

Jun. 30, 2018

Note 8 — 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				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Basic weighted average common shares outstanding		17,965		17,715		18,001		17,973
Weighted average common equivalent shares		325		335		312		320
Diluted weighted average common shares outstanding		18,290		18,050		18,313		18,293
Options excluded from diluted weighted average share calculation as effect would have been anti-dilutive		14		129		14		251