11.	Earnings Per Share

The following table reconciles the basic to diluted weighted average common shares outstanding using the treasury stock method

(in thousands, except per share amounts)

	Three Months Ended June 30,					Six Months Ended June 30,
	2018			2017		2018		2017
Net income	$	(3,367	)	$	6,517	$	3,024	$	7,959

Weighted average common shares outstanding-basic		83,231			83,921		83,222		83,708
Plus: net effect of dilutive stock options and restricted stock units		-			1,905		1,615		1,826
Weighted average common shares outstanding-diluted		83,231			85,826		84,837		85,534
Net (loss)/income per common share-basic	$	(0.04	)	$	0.08	$	0.04	$	0.10
Net (loss)/income per common share-diluted	$	(0.04	)	$	0.08	$	0.04	$	0.09

For the

three

months ended

June 30, 2018,

the Company incurred a net loss; therefore, basic and dilutive earnings per share were the same and

2,552,862

stock options and restricted stock units representing

626,341

shares of common stock were excluded from consideration in the calculation of diluted net loss per share because the effect would have been anti-dilutive. For the

three

months ended

June 30, 2017,

1,804,272

stock options and restricted stock units representing

51,836

shares of common stock were

not

included in the diluted earnings per share calculation because the effect would have been anti-dilutive.

For the

six

months ended

June 30, 2018

and

2017,

2,738,783

and

1,888,257

stock options, respectively, were

not

included in the diluted earnings per share calculation because the effect would have been anti-dilutive. For the

six

months ended

June 30, 2018

and

2017,

restricted stock units representing

106,501

and

63,247

shares of common stock, respectively, were

not

included in the diluted earnings per share calculation because the effect would have been anti-dilutive.