Net Income per Common Share

6 Months Ended

Jun. 30, 2018

Basic net income per common share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed similarly but includes the effect of the assumed exercise of restricted stock under the treasury stock method.

The computation of basic and diluted net income per common share is as follows:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Net income	$	445,000	$	2,162,000	$	963,000	$	3,848,000

Weighted average common shares outstanding — basic	7,743,000		7,687,000		7,727,000		7,669,000
Effect of dilutive securities	57,000		65,000		73,000		61,000
Weighted average common and potentially issuable common shares outstanding — diluted	7,800,000		7,752,000		7,800,000		7,730,000

Basic net income per common share	$	0.06	$	0.28	$	0.12	$	0.50
Diluted net income per common share	$	0.06	$	0.28	$	0.12	$	0.50