Net Income Per Common Share

6 Months Ended

Jun. 30, 2023

Note 11 — 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 stock options and the vesting of restricted stock units.

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


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Basic weighted average common shares outstanding		19,193		18,871		19,151		18,929
Weighted average common equivalent shares		65		302		63		289
Diluted weighted average common shares outstanding		19,258		19,173		19,214		19,218
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		706		23		657		11