Earnings per Common Share

3 Months Ended

Mar. 31, 2019

The Company computes basic net income per share using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities may consist of warrants, restricted stock units or other contingently issuable shares. The dilutive effect of outstanding warrants, restricted stock units and other contingently issuable shares is reflected in diluted earnings per share by application of the treasury stock method.

The following table provides the basis for basic and diluted earnings per share by reconciling the denominators of the computations:



	Three Months Ended March 31,
	2019	2018
	(In thousands)
Weighted average shares outstanding:
Basic weighted average shares outstanding	17,494	20,901
Effect of dilutive securities	1,105	974
Diluted weighted average shares outstanding	18,599	21,875