Net Income per Common Share

6 Months Ended

Jun. 30, 2021

9. 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,
	2021		2020		2021		2020
Weighted average common shares outstanding basic		36,122,792		35,774,241		36,058,061		35,749,110
Dilutive effect of stock options and restricted stock		213,656		146,224		237,942		150,411
Weighted average common shares outstanding diluted		36,336,448		35,920,465		36,296,003		35,899,521

There were no options to purchase shares of common stock excluded from the computation of diluted earnings for the quarter and six months ended June 30, 2021. Options to purchase 455,958 and 466,658 shares of common stock that were outstanding for the quarter and six months ended June 30, 2020 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.