NET INCOME PER SHARE OF COMMON STOCK

9 Months Ended

Sep. 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.”


	Nine months ended September 30,				Three months ended September 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Numerator:
Net income	$	7,899	$	3,963	$	3,388	$	3,309

Denominator (in thousands):
Basic weighted-average common stock outstanding		20,718		20,477		21,025		20,448
Effect of stock-based awards		677		441		858		363

Diluted weighted average common stock outstanding		21,395		20,918		21,883		20,811


Basic net income per share	$	0.38	$	0.19	$	0.16	$	0.16

Diluted net income per share	$	0.37	$	0.19	$	0.15	$	0.16

The weighted average number of shares related to outstanding equity-based awards excluded from the calculation of diluted net income per share, since their effect was anti-dilutive, was 92,103 and 349,428 shares for the three and nine months ended September 30, 2016, respectively, and 915,898 and 861,491 for the corresponding periods of 2015.