Net Income Per Share

9 Months Ended

Sep. 30, 2019

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 September 30,		For the Nine Months Ended September 30,
	2019	2018	2019	2018
Weighted average shares outstanding:
Common shares	18,659,113	19,158,654	18,662,610	19,157,004
Vested restricted stock units	285,559	306,909	285,530	299,385
Basic number of weighted average shares outstanding	18,944,672	19,465,563	18,948,140	19,456,389
Dilutive effect of restricted stock and restricted stock units	6,194	8,415	19,412	15,808
Dilutive number of weighted average shares outstanding	18,950,866	19,473,978	18,967,552	19,472,197

For the three and nine months ended September 30, 2019 and 2018, there were no shares of restricted stock or restricted stock units that would have been anti-dilutive.