PER SHARE RESULTS

6 Months Ended

Jun. 30, 2016

Basic and diluted net income per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted net income per share reflects the dilutive impact of restricted stock as well as the potential dilution that could occur if dilutive common stock options and common stock warrants were exercised, resulting in the issuance of common stock that then shared in the net income of the Company.

Basic and diluted net income per share have been computed based upon net income available to common shareholders 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.



	Three months ended June 30,		Six months ended June 30,
	2016	2015	2016	2015

Weighted average number of common shares	51,311,504	31,609,021	44,707,215	31,607,971
Dilutive effect of stock options, stock warrants and restricted stock	178,678	1,599	129,597	1,814
Weighted average number of common shares and dilutive potential common shares	51,490,182	31,610,620	44,836,812	31,609,785

Anti-dilutive stock options	17,407	37,279	17,407	37,279
Anti-dilutive stock warrants	—	91,178	—	91,178