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Common and Common Equivalent Shares

3 Months Ended

Mar. 31, 2019

9.	Common and Common Equivalent Shares:

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the weighted average number of common and potential common shares outstanding during the period. Potential common shares consist of outstanding restricted stock, deferred stock and stock options and is calculated using the treasury stock method.

The calculation of shares used in the basic and diluted net income per common share calculation for the three months ended March 31, 2019 and 2018 is as follows (in thousands):


	Three Months Ended March 31,
	2019		2018
Weighted average number of common shares outstanding		86,073		92,859
Weighted average number of dilutive common share equivalents		472		646

Weighted average number of common and common equivalent shares outstanding		86,545		93,505

Antidilutive securities not included in the diluted net income per common share calculation		504		1