Net Income Per Share

3 Months Ended

Mar. 31, 2018

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,
	2018	2017
Weighted average shares outstanding:
Common shares	19,153,649	19,482,378
Vested restricted stock units	284,086	240,113
Basic number of weighted average shares outstanding	19,437,735	19,722,491
Dilutive effect of restricted stock and restricted stock units	35,828	50,167
Dilutive number of weighted average shares outstanding	19,473,563	19,772,658

For the three months ended March 31, 2018 and March 31, 2017, there were 4,675 and 8,481 shares, respectively, of restricted stock and restricted stock units that were not included in the computation of diluted net income per share because their inclusion would have been anti-dilutive.