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Income Per Share of Common Stock
 9 Months Ended
Sep. 30, 2018
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 September 30,

 

Nine Months Ended September 30,

 

 

    

2018

    

2017

    

2018

    

2017

    

Net income for basic and diluted income per common share

 

$

4,554

 

$

5,667

 

$

15,454

 

$

15,565

 

Weighted-average shares for basic income per common share

 

 

5,598

 

 
5,577

 

 

5,595

 

 

5,577

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee and director stock options(1)

 

 

 8

 

 
10

 

 

 7

 

 

 9

 

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

 

 

5,606

 

 

5,587

 

 

5,602

 

 

5,586

 

Basic net income per common share

 

$

0.81

 

$

1.02

 

$

2.76

 

$

2.79

 

Diluted net income per common share

 

$

0.81

 

$

1.01

 

$

2.76

 

$

2.79

 

(1)

Excludes 2 and 7 stock options for the three- and nine-month 2018 periods, respectively, as anti-dilutive because the exercise price exceeded the average per share market price for the period.