PER SHARE RESULTS

9 Months Ended

Sep. 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 September 30,		Nine months ended September 30,
	2016	2015	2016	2015

Weighted average number of common shares	51,507,217	31,608,909	46,990,428	31,608,287
Dilutive effect of stock options, stock warrants and restricted stock	98,403	77,241	89,758	39,579
Weighted average number of common shares and dilutive potential common shares	51,605,620	31,686,150	47,080,186	31,647,866

Anti-dilutive stock options	11,635	33,695	11,635	34,695
Anti-dilutive stock warrants	—	91,178	—	91,178