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Income Per Share of Common Stock
 3 Months Ended
Mar. 31, 2019
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 March 31,

 

 

    

2019

    

2018

    

Net income for basic and diluted income per common share

 

$

5,128

 

$

4,262

 

Weighted-average shares for basic income per common share

 

 

5,609

 

 

5,590

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Employee and director stock options(1)

 

 

 6

 

 

 8

 

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

 

 

5,615

 

 

5,598

 

Basic net income per common share

 

$

0.91

 

$

0.76

 

Diluted net income per common share

 

$

0.91

 

$

0.76

 

(1)

Excludes 27 and 17 stock options for the three-month 2019 and 2018 periods, respectively, as anti-dilutive because the exercise price exceeded the average per share market price for the period.