Net Income per Common Share

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
Weighted average common shares outstanding basic		36,761,916		36,397,547		36,663,345		36,338,907
Dilutive effect of stock options and restricted stock		130,261		225,948		210,739		238,285
Weighted average common shares outstanding diluted		36,892,177		36,623,495		36,874,084		36,577,192

Options to purchase 114,540 and 18,820 shares of common stock that were outstanding for the quarter and six months ended June 30, 2023, respectively and 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.