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Net Income Per Common Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Net Income Per Common Share

7. Net Income Per Common Share

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per common share is as follows:

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,773

 

 

$

4,151

 

 

$

6,980

 

 

$

7,441

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock and vested, undelivered restricted stock units outstanding

 

 

27,532,786

 

 

 

27,640,207

 

 

 

27,768,224

 

 

 

27,722,521

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock and vested, undelivered restricted stock units outstanding

 

 

27,532,786

 

 

 

27,640,207

 

 

 

27,768,224

 

 

 

27,722,521

 

     Effect of potentially dilutive shares (1)

 

 

630,127

 

 

 

591,538

 

 

 

535,844

 

 

 

503,469

 

Total weighted average shares of common stock and vested, undelivered restricted stock units outstanding and potentially dilutive shares

 

 

28,162,913

 

 

 

28,231,745

 

 

 

28,304,068

 

 

 

28,225,990

 

Net Income Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.17

 

 

$

0.15

 

 

$

0.25

 

 

$

0.27

 

Diluted net income per share

 

$

0.17

 

 

$

0.15

 

 

$

0.25

 

 

$

0.26

 

 

(1)

In calculating diluted net income per share, 29 thousand shares and 26 thousand shares related to outstanding stock options and unvested, undelivered restricted stock units were excluded for the three and six months ended June 30, 2020, respectively, and 0.6 million and 0.5 million shares related to outstanding stock options and unvested, undelivered restricted stock units were excluded for the three and six months ended June 30, 2019, respectively.