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Net Income Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Net Income Per Share
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,
 
2017
 
2016
Weighted average shares outstanding:
 
 
 
    Common shares
19,482,378

 
20,029,886

    Vested restricted stock units
240,113

 
405,315

Basic number of weighted average shares outstanding
19,722,491

 
20,435,201

    Dilutive effect of restricted stock and restricted stock units
50,167

 
50,631

Dilutive number of weighted average shares outstanding
19,772,658

 
20,485,832



For the three months ended March 31, 2017 and 2016, there were 8,481 and 7,544 restricted shares, respectively, that were not included in the computation of diluted net income per share because their inclusion would have been anti-dilutive.