Net Income Per Common Share

6 Months Ended

Jun. 30, 2015

Net Income Per Common Share

Net income per common share, as shown on the Condensed Consolidated Statements of Income (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the period as follows:



	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2015	2014	2015	2014
Weighted average common shares outstanding
Basic	30,968,269	32,425,994	31,004,779	32,892,864
Dilutive effect of stock options and restricted stock	316,646	536,796	337,324	494,245
Weighted average common shares outstanding diluted	31,284,915	32,962,790	31,342,103	33,387,109

Options to purchase 381,733 shares of common stock that were outstanding for both the three and six month periods ended June 30, 2015, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and were therefore anti-dilutive. Options to purchase 199,500 shares of common stock that were outstanding for both the three and six month periods ended June 30, 2014, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares and were therefore anti-dilutive.