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Earnings Per Share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of the basic and diluted earnings per share for the three and nine months ended September 30, 2016 and 2017 (in thousands, except per share data):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2017
 
2016
 
2017
Numerator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Net income
$
5,683

 
$
3,038

 
$
15,454

 
$
14,532

Less: Earnings allocated to unvested restricted stock
(25
)
 
(10
)
 
(76
)
 
(52
)
Income attributable to common stockholders
$
5,658

 
$
3,028

 
$
15,378

 
$
14,480

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per common share - weighted average shares outstanding
16,529

 
16,476

 
16,502

 
16,575

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
273

 
335

 
260

 
332

Convertible subordinated notes
299

 
787

 
200

 
980

Denominator for diluted earnings per common share - weighted average shares outstanding
17,101

 
17,598

 
16,962

 
17,887

 
 
 
 
 
 
 
 
Basic earnings per common share:
$
0.34

 
$
0.18

 
$
0.93

 
$
0.87

Diluted earnings per common share:
$
0.33

 
$
0.17

 
$
0.91

 
$
0.81


The fully diluted weighted average shares outstanding for the three and nine months ended September 30, 2017 and the corresponding calculation of fully diluted earnings per share, include approximately 787,000 and 980,000 shares that would have been issued upon the conversion of our convertible subordinated notes as a result of the application of the if-converted method prescribed by the FASB ASC 260, Earnings Per Share. There were 299,000 and 200,000 shares for the three and nine months ended September 30, 2016 that would have been issued upon conversion under the if-converted method.
For the both the three and nine months ended September 30, 2017 approximately 455,000 and 320,000 stock options were excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect. For the both the three and nine months ended September 30, 2016, no stock options were excluded from the computation of diluted earnings per share.