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Net Income Per Share
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Net Income Per Share
D. Net Income per Share

Net income per share for the three and nine months ended September 30, 2013 and 2012 was as follows:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2013      2012      2013      2012  

Net income

   $ 2,580       $ 2,307       $ 7,312       $ 6,959   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

     14,433,695         14,311,900         14,469,077         14,297,888   

Dilutive effect of common stock options, warrants and restricted stock

     310,463         404,600         304,186         372,109   
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares used in computation of net income per common share - diluted

     14,744,158         14,716,500         14,773,263         14,669,997   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per common share - basic

   $ 0.18       $ 0.16       $ 0.51       $ 0.49   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per common share - diluted

   $ 0.18       $ 0.16       $ 0.49       $ 0.47   
  

 

 

    

 

 

    

 

 

    

 

 

 

For the three and nine month periods ended September 30, 2013 and 2012, there were no options excluded from the computation of diluted net income per share because their effect would have been antidilutive.