Net Income Per Share

12 Months Ended

Dec. 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 Years Ended December 31,
	2018	2017	2016
Weighted average shares outstanding:
Common shares	19,144,785	19,245,188	20,065,423
Vested restricted stock units	301,282	252,531	266,346
Basic number of weighted average shares outstanding	19,446,067	19,497,719	20,331,769
Dilutive effect of restricted stock and restricted stock units	86,245	61,217	78,347
Dilutive number of weighted average shares outstanding	19,532,312	19,558,936	20,410,116

For the years ended December 31, 2018 and 2016, there were no stock options, restricted stock or restricted stock units that would have been anti-dilutive. 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.