Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2022

Note 11 — Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the basic weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding stock options and the vesting of restricted stock units.

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Basic weighted average common shares outstanding		18,958		19,134		18,939		19,107
Weighted average common equivalent shares		181		254		253		244
Diluted weighted average common shares outstanding		19,139		19,388		19,192		19,351
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		307		—		110		4