Three months ended September 30,

Nine months ended September 30,

2016

2015

2016

2015

Numerator:

Net income

$

1,209

$

2,417

$

3,532

$

5,204

Denominator:

Basic weighted average shares outstanding

8,921,480

9,139,329

9,076,305

9,119,925

Dilutive common stock equivalents using treasury stock method

242,686

476,355

376,312

464,026

Diluted weighted average shares outstanding

9,164,165

9,615,684

9,452,616

9,583,951

Basic earnings per common share

$

0.14

$

0.26

$

0.39

$

0.57

Diluted earnings per common share

$

0.13

$

0.25

$

0.37

$

0.54

Weighted average options outstanding

832,766

1,061,705

900,687

1,045,697

Anti-dilutive options not included in the computations

312,372

218,875

312,477

255,375