Net Income Per Common Share

6 Months Ended

Jun. 30, 2015

Note 6 — 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 options and vesting of restricted stock units when dilutive.

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014

Basic weighted average common shares outstanding		18,007		18,757		18,033		19,184
Weighted average common equivalent shares		261		287		281		295
Diluted weighted average common shares outstanding		18,268		19,044		18,314		19,479
Options excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1,012		602		852		582