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INCOME PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2015
INCOME PER COMMON SHARE | NOTE H — INCOME PER COMMON SHARE Basic income per common share has been computed by dividing net income by the weighted-average number of shares of the Company’s common stock outstanding. Diluted income per common share adjusts net income and basic income per common share for the effect of all potentially dilutive shares of the Company’s common stock. The calculations of basic and diluted income per common share for the years ended December 31, 2015, 2014, and 2013 are as follows:
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (in thousands - except per share amounts) |
Net income – Basic and Diluted |  | $ | 12,278 |  |  | $ | 1,544 |  |  | $ | 9,281 |
Weighted-average shares outstanding – Basic |  |  | 13,850 |  |  |  | 13,519 |  |  |  | 12,757 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 416 |  |  |  | 455 |  |  |  | 286 |
Weighted-average shares outstanding – Diluted |  |  | 14,266 |  |  |  | 13,974 |  |  |  | 13,043 |
Basic income per common share |  | $ | 0.89 |  |  | $ | 0.11 |  |  | $ | 0.73 |
Diluted income per common share |  | $ | 0.86 |  |  | $ | 0.11 |  |  | $ | 0.71 |
The computations of diluted income per common share for the years ended December 31, 2015, 2014 and 2013 excludes options to purchase 1,467,857, 2,004,836 and 1,417,145 shares of the Company’s common stock, respectively. These shares were excluded due to their antidilutive effect.

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