Earnings Per Common Share

6 Months Ended

Jun. 30, 2017

In accordance with the treasury stock method, the Company has included the following common equivalent shares in the calculation of diluted weighted average number of common shares outstanding for the three and six month periods ended June 30, relating to outstanding stock options and restricted stock units:



	2017	2016
Three months ended	688,155	512,269
Six months ended	673,068	501,858

The determination of the common share equivalents for the three and six months ended June 30, 2017 includes the effect of the adoption of guidance ASU 2016-09 as described in Note 2. For the three months ended June 30, 2017, there were no anti-dilutive outstanding options or restricted stock units. Outstanding options and restricted stock units to purchase or receive 84,392 shares of common stock for the three month periods ended June 30, 2016, and options and restricted stock units to purchase or receive 75,182 and 108,361 for the six month periods ended June 30, 2017 and 2016, respectively, have been excluded from the calculation of diluted weighted average of common and common equivalent shares as such options and restricted stock units would be anti-dilutive.