Earnings Per Share

3 Months Ended

Mar. 31, 2018

NOTE 4. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed as net income divided by the weighted-average number of shares of common stock outstanding for the period. Diluted EPS is computed assuming conversion of all potentially dilutive securities including the dilutive effect of stock options, unvested restricted stock awards and other potentially dilutive securities. The table below presents the weighted-average number of shares of common stock used to calculate basic and diluted earnings per share:

	Three Months Ended March 31,
(in thousands)	2018		2017
Weighted-average number of shares of common stock for calculating basic earnings per share		24,067		23,950
Effect of potentially dilutive securities from equity-based compensation		411		282
Weighted-average number of shares of common stock for calculating diluted earnings per share		24,478		24,232

The following securities were not included in the computation of diluted earnings per share as their effect would have been anti-dilutive:

	Three Months Ended March 31,
(in thousands)	2018		2017
Options to purchase shares of common stock		—		7