Earnings Per Common Share

6 Months Ended

Jun. 30, 2020

In accordance with the treasury stock method, the Company has included the following common equivalent shares in the calculation of diluted weighted average number of common shares outstanding for the three and six months ended June 30, relating to outstanding stock options and restricted stock units:

Outstanding options and restricted stock units to purchase or receive 88,032 and 64,269 shares of common stock for the three month period ended June 30, 2020 and 2019, respectively, have been excluded from the calculation of diluted weighted average number of common and common equivalent shares as such options and restricted stock units would be anti-dilutive. Options and restricted stock units to purchase or receive 88,261 and 75,026 for the six month period ended June 30, 2020 and 2019, respectively, have been excluded from the calculation of diluted weighted average of common and common equivalent shares as such options and restricted stock units would be anti-dilutive.

Three months ended

Six months ended