8. Income per Share

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

NOTE 8 - Income per Share

The following table sets forth the computation of basic and diluted income per share:

	Three Months Ended				Nine Months Ended
	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
Numerator:
Net income (numerator for basic and diluted earnings per share)	$	650	$	600	$	1,153	$	650
Denominator:
Denominator for basic earnings per share weighted average shares		13,479,759		13,665,976		13,538,116		13,602,207
Effect of dilutive securities:
Options and restricted stock units		21,828		22,321		25,874		102,677
Denominator:
Denominator for diluted earnings per share weighted average shares		13,501,587		13,688,297		13,563,990		13,704,884
Basic income per share	$	0.05	$	0.04	$	0.09	$	0.05
Diluted income per share	$	0.05	$	0.04	$	0.09	$	0.05

Approximately 434,500 stock options for the three and nine months ended September 30, 2018, and 328,500 stock options for the three and nine months ended September 30, 2017, were excluded from the calculation because they were anti-dilutive.