Note 8. Earnings Per Share

Basic earnings per share excludes dilution and 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 contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of stock which then shared in the earnings of the Company.

The following shows the weighted average number of shares used in computing earnings per share and the effect of weighted average number of shares of dilutive potential common stock. Dilutive potential common stock has no effect on income available to common stockholders. There were 0 and 625 shares excluded from the calculation for June 30, 2019 and 2018, respectively, as they were anti‑dilutive.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share data)	2019		2018		2019		2018
Net income	$	4,085	$	3,077	$	8,011	$	6,074
Weighted average number of shares		13,803		11,024		13,763		10,979
Effect of dilutive securities, restricted stock units and options		1,014		1,039		1,036		1,079
Weighted average diluted shares		14,817		12,063		14,799		12,058
Basic EPS	$	0.30	$	0.28	$	0.58	$	0.55
Diluted EPS	$	0.28	$	0.26	$	0.54	$	0.50