Net Income Per Common Share

6 Months Ended

Jun. 30, 2017

Note 6 — Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the basic weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding options and vesting of restricted stock units when dilutive.

Basic and diluted weighted average common shares are as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Basic weighted average common shares outstanding		17,715		17,863		17,973		17,812
Weighted average common equivalent shares		335		282		320		223
Diluted weighted average common shares outstanding		18,050		18,145		18,293		18,035
Share based awards excluded from diluted weighted average share calculation as effect would have been anti-dilutive		129		911		251		1,324