Net Income Per Share

3 Months Ended

Mar. 31, 2016

Basic net income per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted income per share is computed using the weighted-average number of common shares and common stock equivalents outstanding. Common stock equivalents totaling 75,831 and 2,339 for the three months ended March 31, 2016 and 2015 were excluded from the calculation of diluted earnings per share because of a decline in the average market price of common stock compared to the price on the grant date.



	Three Months Ended March 31,
	2016			2015
Numerator:
Numerator for basic earnings per share:
Net income	$	2,225		$	391
Denominator (shares in thousands):
Basic earnings per share:
Weighted average shares	24,584			24,588
Less: restricted stock issued	(32		)	(105		)
Denominator for basic earnings per share:	24,552			24,483
Effect of dilutive shares:
Stock options	267			145
Restricted stock awards	166			321
Dilutive potential common shares	433			466
Denominator for diluted earnings per share:
Adjusted weighted average shares	24,985			24,949
Basic and Diluted income per share attributable to Carmike stockholders	$	0.09		$	0.02