Common Stock and Earnings per Share

3 Months Ended

Mar. 31, 2018

Note 8 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the three months ended March 31, 2018, 163 shares were awarded in 2018. There were no performance shares related to awards provisioned in prior years.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three months ended March 31, 2018 and 2017 follow:


	Three months ended
	March 31,
	2018		2017
Net income	$	1,792	$	573
Weighted average common shares outstanding:
Basic		39,910		39,760
Incremental shares with dilutive effect:
Restricted stock awards		149		10
Diluted		40,059		39,770

Net income (loss) per share:
Basic	$	0.04	$	0.01
Diluted	$	0.04	$	0.01