Net Income Per Share

12 Months Ended

Dec. 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 Years Ended December 31,
	2016	2015	2014
Weighted average shares outstanding:
Common shares	20,065,423	20,364,435	21,739,300
Vested restricted stock units	266,346	527,260	517,804
Basic number of weighted average shares outstanding	20,331,769	20,891,695	22,257,104
Dilutive effect of stock options	—	—	3,293
Dilutive effect of restricted stock and restricted stock units	78,347	89,058	71,004
Dilutive number of weighted average shares outstanding	20,410,116	20,980,753	22,331,401

For the years ended December 31, 2016, 2015 and 2014, there were no stock options, restricted stock or restricted stock units that would have been anti-dilutive.