Net Income per Common Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

Net income per common share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed similarly but includes the effect of the assumed exercise of dilutive stock options and restricted stock under the treasury stock method.

The computation of basic and diluted net income per common share is as follows:

	Three Months Ended
	March 31,
	2014		2013
Net income	$	2,120,000	$	1,681,000
Weighted average common shares outstanding — basic	7,415,000		7,131,000
Effect of dilutive securities	53,000		255,000
Weighted average common and potentially issuable common shares outstanding — diluted	7,468,000		7,386,000
Basic net income per common share	$	0.29	$	0.24
Diluted net income per common share	$	0.28	$	0.23

All unexercised stock options were included in diluted earnings per share for the three months ended March 31, 2014 and 2013.