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Income Per Share of Common Stock (Tables)
 3 Months Ended
Mar. 31, 2016
Income Per Share of Common Stock  
Schedule of computation of basic and diluted income per common share

The following table sets forth the computation of basic and diluted income per common share (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

    

2016

    

2015

 

Net income for basic and diluted income per common share

 

$
4,066

 

$
2,365

 

Weighted-average shares for basic income per common share

 

 
5,577

 

 
5,597

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Employee and director stock options(1)

 

 
3

 

 
8

 

Adjusted weighted-average shares and assumed exercises for diluted income per common share

 

 
5,580

 

 
5,605

 

Basic net income per common share

 

$
0.73

 

$
0.42

 

Diluted net income per common share

 

$
0.73

 

$
0.42

 

(1)

Excludes 35.0 and 17.0 stock options for the 2016 and 2015 periods, respectively, as anti-dilutive because the exercise price exceeded the average per share market price for the periods presented.