Earnings per Share

3 Months Ended

Mar. 31, 2017

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,
	2017		2016
Numerator:
Net income	$	252	$	2,541
Denominator for basic net income per common share:
Weighted average common shares outstanding	12,804		12,648

Denominator for diluted net income per share:
Weighted average common shares outstanding	12,804		12,648
Dilutive effect of stock options and restricted stock	252		190
Diluted weighted average shares	13,056		12,838
Earnings per common share:
Basic	$	0.02	$	0.20
Diluted	$	0.02	$	0.20

In the three months ended March 31, 2017, options to purchase 83,917 shares of common stock with exercise prices ranging from $28.15 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, 2016, options to purchase 187,500 shares of common stock with exercise prices ranging from $19.61 to $33.46 were not included in the computation of dilutive income per share, due to their antidilutive effect.