Earnings per Share

6 Months Ended

Jun. 30, 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				Six months ended
	June 30,				June 30,
	2017		2016		2017		2016
Numerator:
Net income	$	375	$	1,259	$	627	$	3,800
Denominator for basic net income per common share:
Weighted average common shares outstanding	12,831		12,709		12,818		12,678

Denominator for diluted net income per share:
Weighted average common shares outstanding	12,831		12,709		12,818		12,678
Dilutive effect of stock options and restricted stock	299		227		275		209
Diluted weighted average shares	13,130		12,936		13,093		12,887
Earnings per common share:
Basic	$	0.03	$	0.10	$	0.05	$	0.30
Diluted	$	0.03	$	0.10	$	0.05	$	0.29

In the three and six months ended June 30, 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 and six months ended June 30, 2016, 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.