Earnings per Share

3 Months Ended

Mar. 31, 2017

Earnings per common share:

Earnings per Share

(6) Earnings per Share. The following details the computations of the basic and diluted earnings per common share (in thousands, except per share amounts):

	Three Months ended
	March 31,
	2017		2016
Weighted average common shares outstanding
during the period – shares used for basic
earnings per common share		9,931		9,853
Common shares issuable under share based
payment plans which are potentially dilutive		70		40
Common shares used for diluted
earnings per common share		10,001		9,893
Net income	$	1,443		1,820
Earnings per common share:
Basic	$	0.15		0.18
Diluted	$	0.14		0.18

For the three months ended March 31, 2017 and 2016, 23,958 and 72,090 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.