Income Per Share

3 Months Ended

Mar. 31, 2021

Income Per Share

3- Income Per Share

(3)	Income per share
	The following is the computation for basic and diluted income per share:

	Three Months ended March 31,
	2021		2020
	(in thousands, except per share amounts)
Net income	$	7,726	$	8,898
Weighted average basic shares outstanding		1,826		1,853
Add: Effect of dilutive securities		6		6
Weighted average diluted shares outstanding		1,832		1,859
Earnings per share:
Basic	$	4.23	$	4.80
Diluted	$	4.22	$	4.79

Incremental shares from stock options and restricted stock units were included in the calculation of weighted average diluted shares outstanding using the treasury stock method. Dilutive securities representing zero and 15 shares of common stock for the quarters ended March 31, 2021 and 2020, respectively, were excluded from the computation of weighted average diluted shares outstanding because their effect would have been anti-dilutive.