XML 34 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Net Income Per Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Income Per Share

NOTE N – Net Income Per Share

The following table presents the components of the computation of basic and diluted net income per share for the periods indicated (in thousands, except per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

23,872

 

 

$

351

 

 

$

4,963

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

17,196

 

 

 

17,183

 

 

 

16,947

 

Options to purchase common stock

 

 

306

 

 

 

150

 

 

 

267

 

Restricted stock units

 

 

104

 

 

 

23

 

 

 

27

 

Weighted average common shares outstanding, diluted

 

 

17,606

 

 

 

17,356

 

 

 

17,241

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.39

 

 

$

0.02

 

 

$

0.29

 

Diluted

 

$

1.36

 

 

$

0.02

 

 

$

0.29

 

 

For the year ended December 31, 2018, 2017 and 2016, the effect of less than 1,000, approximately 283,000 and approximately 5,000 outstanding potential common shares, respectively, were excluded from the calculation of diluted net income per share as they were anti-dilutive.