Earnings per Share

9 Months Ended

Sep. 30, 2018

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,
	2018		2017		2018		2017
Numerator:
Net income	$	236	$	522	$	708	$	1,149
Denominator for basic net income per common share:
Weighted average common shares outstanding	12,977		12,838		12,953		12,825
Denominator for diluted net income per share:
Weighted average common shares outstanding	12,977		12,838		12,953		12,825
Dilutive effect of stock options and restricted stock	277		279		275		277
Diluted weighted average shares	13,254		13,117		13,228		13,102
Earnings per common share:
Basic	$	0.02	$	0.04	$	0.05	$	0.09
Diluted	$	0.02	$	0.04	$	0.05	$	0.09

In the three months ended September 30, 2018, options to purchase 126,334 shares of common stock with exercise prices ranging from $22.90 to $33.36 were not included in the computation of diluted income per share, due to their antidilutive effect.

In the nine months ended September 30, 2018, options to purchase 82,167 shares of common stock with exercise prices ranging from $28.15 to $33.36 were not included in the computation of diluted income per share, due to their antidilutive effect.

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 diluted income per share, due to their antidilutive effect.