Earnings per Share

3 Months Ended

Mar. 31, 2016

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
	March 31,
	2016		2015
Numerator:
Net income	$	2,541	$	3,694
Denominator for basic net income per common share:
Weighted average common shares outstanding	12,648		12,504

Denominator for diluted net income per share:
Weighted average common shares outstanding	12,648		12,504
Dilutive effect of stock options and restricted stock	190		209
Diluted weighted average shares	12,838		12,713
Earnings per common share:
Basic	$	0.20	$	0.30
Diluted	$	0.20	$	0.29

In the three months ended March 31, 2016, options to purchase 187,500 shares of common stock with exercise prices ranging from $19.61 to $33.36 were not included in the computation of dilutive income per share, due to their antidilutive effect.

In the three months ended March 31, 2015, options to purchase 136,500 shares of common stock with exercise prices ranging from$19.90 to $33.36 were not included in the computation of dilutive income per share, due to their antidilutive effect.