Net Income Per Share

3 Months Ended

Mar. 31, 2016

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 March 31,
	2016	2015
Weighted average shares outstanding:
Common shares	20,029,886	20,410,331
Vested restricted stock units	405,315	512,289
Basic number of weighted average shares outstanding	20,435,201	20,922,620
Dilutive effect of restricted stock and restricted stock units	50,631	26,056
Dilutive number of weighted average shares outstanding	20,485,832	20,948,676

For the three months ended March 31, 2016, 7,544 restricted shares were not included in the computation of diluted net income per share because their inclusion would have been anti-dilutive. For the three months ended March 31, 2015, there were no restricted stock or restricted stock units that would have been anti-dilutive.