NET INCOME PER SHARE OF COMMON STOCK

6 Months Ended

Jun. 30, 2016

NOTE 7: 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.”


	Six months ended June 30,				Three months ended June 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Numerator:
Net income	$	4,511	$	654	$	2,711	$	168

Denominator (in thousands):
Basic weighted-average common stock outstanding		20,562		20,491		20,604		20,564
Effect of stock -based awards		587		480		767		420

Diluted weighted average common stock outstanding		21,149		20,971		21,371		20,984

Basic net income per share	$	0.22	$	0.03	$	0.13	$	0.01

Diluted net income per share	$	0.21	$	0.03	$	0.13	$	0.01

The weighted average number of shares related to outstanding stock-based awards excluded from the calculation of diluted net income per share, since their effect was anti-dilutive, was 832,125 and 793,654 shares for the three and six months ended June 30, 2016, respectively, and 843,279 and 834,288 for the corresponding periods of 2015.