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INCOME PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2016
Calculations of Basic and Diluted Income per Common Share

The calculations of basic and diluted income per common share for the three and nine month periods ended September 30, 2016 and 2015 are as follows:

 

     Three Months Ended      Nine Months Ended  
   September 30,      September 30,  
     2016      2015      2016      2015  
     (in thousands, except per share amounts)  

Net income – basic and diluted

   $ 6,452       $ 5,104       $ 973       $ 1,272   

Weighted-average shares outstanding – basic

     14,266         13,912         14,129         13,824   

Effect of dilutive securities:

           

Stock options and restricted stock

     365         395         365         418   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average shares outstanding – diluted

     14,631         14,307         14,494         14,242   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic income per common share

   $ 0.45       $ 0.37       $ 0.07       $ 0.09   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted income per common share

   $ 0.44       $ 0.36       $ 0.07       $ 0.09