Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
(in thousands)	2018		2017		2018		2017
Weighted-average number of shares of common stock for calculating basic earnings per share		24,145		23,985		24,106		23,968
Effect of potentially dilutive securities from equity-based compensation		439		107		443		196
Weighted-average number of shares of common stock for calculating diluted earnings per share		24,584		24,092		24,549		24,164

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 June 30,				Six Months Ended June 30,
(in thousands)	2018		2017		2018		2017
Options to purchase shares of common stock		—		306		—		10