Earnings Per Share

9 Months Ended

Sep. 30, 2019

14. Earnings per Share

The following table sets forth basic and diluted weighted average shares outstanding for the periods indicated (in thousands):


	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2019	2018	2019	2018

Weighted average shares - basic	18,123	18,059	18,101	18,097
Effect of dilutive securities	172	108	182	106
Weighted average shares - assuming dilution	18,295	18,167	18,283	18,203

For the nine months ended September 30, 2018, 43,004 shares of common stock potentially issuable upon the exercise of employee stock options were excluded from the weighted average number of shares outstanding on a diluted basis because the effect of such options would be anti-dilutive.