NET INCOME PER SHARE OF COMMON STOCK

9 Months Ended

Sep. 30, 2015

NOTE 8: NET INCOME PER SHARE OF COMMON STOCK

Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted net income per share is computed based on the weighted average number of shares of common stock outstanding during each period, plus dilutive potential shares of common stock considered outstanding during the period, in accordance with FASB ASC No. 260, “Earnings Per Share.”


	Nine months ended September 30,				Three months ended September 30,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Numerator:
Net income	$	3,963	$	1,115	$	3,309	$	656

Denominator (in thousands):
Basic weighted-average common stock outstanding		20,477		20,761		20,448		20,355
Effect of stock options, stock appreciation rights and restricted stock units		441		371		363		312

Diluted weighted average common stock outstanding		20,918		21,132		20,811		20,667

Basic and diluted net income per share	$	0.19	$	0.05	$	0.16	$	0.03

The weighted average number of shares related to outstanding options, stock appreciation rights and restricted stock units excluded from the calculation of diluted net income per share, since their effect was anti-dilutive, was 915,898 and 861,491 shares for the three and nine months ended September 30, 2015, respectively, and 2,448,690 and 2,287,802 for the corresponding periods of 2014.