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Earnings per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

The following table reconciles the numerators and denominators of the basic and diluted earnings per share computation(in thousands, except per share data).
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income
$
2,562

 
$
3,883

 
$
6,870

 
$
10,124

Denominator for basic net income per common share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,586

 
12,461

 
12,557

 
12,424

 
 
 
 
 
 
 
 
Denominator for diluted net income per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,586

 
12,461

 
12,557

 
12,424

Dilutive effect of stock options and restricted stock
215

 
279

 
226

 
304

Diluted weighted average shares
12,801

 
12,740

 
12,783

 
12,728

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.20

 
$
0.31

 
$
0.55

 
$
0.81

Diluted
$
0.20

 
$
0.30

 
$
0.54

 
$
0.80



In the three and nine months ended September 30, 2015, options to purchase 107,500 shares of common stock with exercise prices ranging from $22.90 to $33.36 were not included in the computation of dilutive income per share, due to their antidilutive effect.
In the three and nine months ended September 30, 2014, options to purchase 55,000 shares of common stock with exercise prices ranging from $30.41 to $33.36 were not included in the computation of dilutive income per share, due to their antidilutive effect.