Net Income Per Share

12 Months Ended

Dec. 31, 2017

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,
	2017	2016	2015
Weighted average shares outstanding:
Common shares	19,245,188	20,065,423	20,364,435
Vested restricted stock units	252,531	266,346	527,260
Basic number of weighted average shares outstanding	19,497,719	20,331,769	20,891,695
Dilutive effect of restricted stock and restricted stock units	61,217	78,347	89,058
Dilutive number of weighted average shares outstanding	19,558,936	20,410,116	20,980,753

For the year ended December 31, 2017, there were 250 shares of restricted stock that were not included in the computation of diluted net income per share because their inclusion would have been anti-dilutive. For the years ended December 31, 2016 and 2015, there were no stock options, restricted stock or restricted stock units that would have been anti-dilutive.