Earnings Per Share

3 Months Ended

Mar. 31, 2019

Note 8. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:


	Three Months Ended March 31,
In thousands, except per share amounts	2019		2018
Numerator:
Net income	$	8,108	$	8,644

Denominator:
Weighted average shares outstanding for basic earnings per share		11,712		11,618
Effect of dilutive securities		364		412

Weighted average shares adjusted for dilutive securities		12,076		12,030

Earnings per share:
Basic	$	0.69	$	0.74

Diluted	$	0.67	$	0.72

Options to purchase 248 thousand and 138 thousand shares of common stock were outstanding during the three months ended March 31, 2019 and 2018, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.