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INCOME PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017 and 2016 are as follows:

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2017      2016      2017      2016  
     (in thousands, except per share amounts)  

Net income – basic and diluted

   $ 4,330      $ 6,452      $ 903      $ 973  

Weighted-average shares outstanding – basic

     14,572        14,266        14,422        14,129  

Effect of dilutive securities:

           

Stock options and other stock awards

     471        365        478        365  
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average shares outstanding – diluted

     15,043        14,631        14,900        14,494  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic income per common share

   $ 0.30      $ 0.45      $ 0.06      $ 0.07  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted income per common share

   $ 0.29      $ 0.44      $ 0.06      $ 0.07