Earnings Per Share

6 Months Ended

Jun. 30, 2019

Note 15 – Earnings Per Share

Shares used in the computation of the Company’s basic and diluted earnings per common share are reconciled as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018

Weighted average common shares outstanding	12,352,271	12,317,546	12,344,684	12,311,810
Dilutive effect of employee stock options and nonvested share awards	-	-	-	-
Weighted average diluted common shares outstanding	12,352,271	12,317,546	12,344,684	12,311,810

Weighted average diluted common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and the assumed vesting of nonvested share awards. For the three months ended June 30, 2019 and 2018, 707,395 and 350,644 shares, respectively, were not included in the weighted average common shares outstanding calculation as they were anti-dilutive. For the six months ended June 30, 2019 and 2018, 668,370 and 353,124 shares, respectively, were not included in the weighted average common shares outstanding as they were anti-dilutive.