Net Income Per Common Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Basic weighted average common shares outstanding		18,088		17,747		18,030		17,897
Weighted average common equivalent shares		345		304		323		315
Diluted weighted average common shares outstanding		18,433		18,051		18,353		18,212
Options excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1		27		10		177