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,
	2017		2016		2017		2016
Numerator:
Net income	$	522	$	1,509	$	1,149	$	5,309
Denominator for basic net income per common share:
Weighted average common shares outstanding	12,838		12,717		12,825		12,691

Denominator for diluted net income per share:
Weighted average common shares outstanding	12,838		12,717		12,825		12,691
Dilutive effect of stock options and restricted stock	279		245		277		222
Diluted weighted average shares	13,117		12,962		13,102		12,913
Earnings per common share:
Basic	$	0.04	$	0.12	$	0.09	$	0.42
Diluted	$	0.04	$	0.12	$	0.09	$	0.41

In the three and nine months ended September 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 months ended September 30, 2016, options to purchase 52,500 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.

In the nine months ended September 30, 2016, options to purchase 105,833 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.