Net Income Per Share

6 Months Ended

Jun. 30, 2020

Schedule of Weighted Average Shares Outstanding Basic and Diluted

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 June 30,			For the Six Months Ended June 30,
	2020	2019	2020	2019
Weighted average shares outstanding:
Common shares	17,526,660	18,659,113	17,705,097	18,664,387
Vested restricted stock units	318,125	285,559	310,028	285,515
Basic number of weighted average shares outstanding	17,844,785	18,944,672	18,015,125	18,949,902
Dilutive effect of restricted stock and restricted stock units	2,265	5,290	20,042	26,387
Dilutive number of weighted average shares outstanding	17,847,050	18,949,962	18,035,167	18,976,289