NET INCOME PER SHARE

3 Months Ended

Mar. 31, 2016

Basic net income per share represents earnings credited to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options.

Basic and diluted net income per common share have been computed based upon net income as presented in the accompanying consolidated statements of operations divided by the weighted average number of common shares outstanding or assumed to be outstanding as summarized below (amounts in thousands, except share data):



	Three Months Ended
	March 31,
	2016		2015
Net income available to common shareholders	$	831	$	978

Weighted average number of common shares - basic	32,273,475		32,034,791
Effect of dilutive stock options	35,025		15,869
Effect of dilutive restricted stock awards	213,953		46,614
Weighted average number of common shares - dilutive	32,522,453		32,097,274

Basic earnings per common share	$	0.03	$	0.03
Diluted earnings per common share	$	0.03	$	0.03
Anti-dilutive awards	12,305		176,857