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Income Per Share of Common Stock
 6 Months Ended
Jun. 30, 2017
Income Per Share of Common Stock  
Income Per Share of Common Stock

5.    Income Per Share of Common Stock

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

    

2017

    

2016

    

2017

    

2016

 

Net income for basic and diluted income per common share

 

$

5,278

 

$

3,687

 

$

9,898

 

$

7,753

 

Weighted-average shares for basic income per common share

 

 

5,578

 

 
5,565

 

 

5,576

 

 

5,571

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee and director stock options(1)

 

 

10

 

 
3

 

 

10

 

 

 3

 

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

 

 

5,588

 

 

5,568

 

 

5,586

 

 

5,574

 

Basic net income per common share

 

$

0.95

 

$

0.66

 

$

1.77

 

$

1.39

 

Diluted net income per common share

 

$

0.94

 

$

0.66

 

$

1.77

 

$

1.39

 

(1)

Excludes 32.4 and 33.6 stock options for the 2016 periods as anti-dilutive because the exercise price exceeded the average per share market price for the period.