BASIC AND DILUTED EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

The following table is a reconciliation of the numerator and denominators used in the earnings per share calculation:


	For the Three Months Ended March 31,
	2019						2018
	Income (Numerator)	Weighted Average Shares (Denominator)	Per-Share Amount		Income (Numerator)	Weighted Average Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common stockholders	1,668,618	47,437,424	$	0.04	1,876,228	48,670,305	$	0.04

Effect of Dilutive Securities
Stock options & RSUs	—	646,966			—	1,073,796

Diluted EPS
Net income available to common stockholders + assumed conversions	1,668,618	48,084,390	$	0.03	1,876,228	49,744,101	$	0.04

Options to purchase 245,600 and 266,000 shares of common stock at a weighted average price of $3.88 and $3.89 per share were outstanding during the three months ended March 31, 2019, and 2018, respectively, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expire between November 2019 and May 2020, were still outstanding at March 31, 2019.