Net Income per Share

6 Months Ended

Jun. 30, 2018

Note 3. Net Income per Share

Net income per share - basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share - diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Net income per share was computed as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2018		2017		2018		2017
Basic weighted average shares outstanding		4,889,772		4,878,986		4,886,258		4,874,565
Dilutive effect of granted options		5,020		11,064		7,729		18,777


Diluted weighted average shares outstanding		4,894,792		4,890,050		4,893,987		4,893,342


Net income	$	1,688,140	$	1,783,453	$	3,460,527	$	3,220,778
Net income per share-basic	$	0.35	$	0.37	$	0.71	$	0.66
Net income per share-diluted	$	0.35	$	0.36	$	0.71	$	0.66