Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 5. 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 September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Weighted-average number of shares of common stock for    calculating basic earnings per share		24,268		24,172		24,237		24,128
Effect of potentially dilutive securities from equity-based    compensation		364		391		355		422
Weighted-average number of shares of common stock for    calculating diluted earnings per share		24,632		24,563		24,592		24,550

There were no anti-dilutive securities excluded from the computation of diluted earnings per share in the three and nine months ended September 30, 2019 and 2018.