Earnings Per Common Share

12 Months Ended

Dec. 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 EPS by reconciling the numerators and denominators of the computations:



	Year Ended December 31, 2019	Year Ended December 31, 2018	Year Ended December 31, 2017
(In Thousands)
Weighted average shares outstanding:
Basic weighted average shares outstanding	16,218	19,663	23,725
Effect of dilutive securities	1,080	966	515

Diluted weighted average shares outstanding	17,298	20,629	24,240