Net Income per Common Share

3 Months Ended

Mar. 31, 2022

. Net Income per Common Share

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


	For the Quarter Ended March 31,
	2022		2021
Weighted average common shares outstanding basic		36,280,268		35,993,331
Dilutive effect of stock options and restricted stock		230,766		297,500
Weighted average common shares outstanding diluted		36,511,034		36,290,831

Options to purchase 245,608 shares of common stock that were outstanding for the quarter ended March 31, 2022 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. There were no options to purchase shares of common stock excluded from the computation of diluted earnings for the quarter ended March 31, 2021.