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NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2020

NOTE 7—NET INCOME PER COMMON SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company. For the three and nine months ended September 30, 2020, 1.9 million and 3.7 million restricted stock units, respectively, have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive.

The following tables set forth the computation of basic and diluted earnings per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic:
Net income	$	2,055	$	1,731	$	1,307	$	1,247
Weighted average common shares		47,880		47,426		47,599		46,704
Earnings per share	$	0.04	$	0.04	$	0.03	$	0.03
Diluted:
Net income	$	2,055	$	1,731	$	1,307	$	1,247

Basic weighted average common shares		47,880		47,426		47,599		46,704
Potential common shares		2,028		978		1,947		500
Diluted weighted average common shares		49,908		48,404		49,546		47,204
Diluted earnings per share	$	0.04	$	0.04	$	0.03	$	0.03