Net Income Per Share

6 Months Ended

Jun. 30, 2015

NET INCOME PER SHARE

Basic net income per share has been computed by dividing net income by the basic number of weighted average shares outstanding. Diluted net income per share has been computed by dividing net income by the diluted number of weighted average shares outstanding using the treasury stock method. The share effect is as follows:



	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2015	2014	2015	2014
Weighted average shares outstanding:
Common shares	20,414,667	22,167,771	20,412,511	22,356,299
Vested restricted stock units	532,160	485,622	522,279	765,989
Basic number of weighted average shares outstanding	20,946,827	22,653,393	20,934,790	23,122,288
Dilutive effect of stock options	—	—	—	6,646
Dilutive effect of restricted stock and restricted stock units	5,005	5,498	14,258	28,355
Dilutive number of weighted average shares outstanding	20,951,832	22,658,891	20,949,048	23,157,289

For the three and six months ended June 30, 2015 and 2014, there were no restricted stock or restricted stock units that would have been anti-dilutive.