Net Income per Common Share

6 Months Ended

Jun. 30, 2022

8. 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 June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Weighted average common shares outstanding basic		36,397,547		36,122,792		36,338,907		36,058,061
Dilutive effect of stock options and restricted stock		225,948		213,656		238,285		237,942
Weighted average common shares outstanding diluted		36,623,495		36,336,448		36,577,192		36,296,003

Options to purchase 114,540 shares of common stock that were outstanding for the six months ended June 30, 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 June 30, 2022 and for the quarter and six months ended June 30, 2021.