Net Income Per Common Share

9 Months Ended

Sep. 30, 2020

Basic net income per common share is based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share increases the shares used in the per share calculation by the dilutive effects of restricted stock awards. The table below reflects the calculation of the weighted average number of common shares outstanding, on an as if converted basis, used in computing basic and diluted net income per common share (in thousands).


	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
	(Unaudited)		(Unaudited)
Basic weighted average shares outstanding	14,797	15,967	14,870	16,335
Effect of dilutive restricted stock	214	154	151	152
Diluted weighted average shares outstanding	15,011	16,121	15,021	16,487

The table below reflects a summary of securities that could potentially dilute basic net income per common share in future periods that were not included in the computation of diluted earnings per share because the effect would have been antidilutive.


	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
	(Unaudited)		(Unaudited)
Antidilutive securities:
Stock Options	60,504	—	60,504	—
Restricted Shares	15,733	12,774	48,434	37,738
Total antidilutive securities	76,237	12,774	108,938	37,738