Net Income Per Common Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Basic weighted average common shares outstanding		17,747		18,062		17,897		17,896
Weighted average common equivalent shares		304		373		315		272
Diluted weighted average common shares outstanding		18,051		18,435		18,212		18,168
Share based awards excluded from diluted weighted average share calculation as effect would have been anti-dilutive		27		82		177		910