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Nature of business (Tables)
9 Months Ended
Sep. 30, 2016
Nature of business  
Schedule of the computation of the common shares outstanding used in determining basic and diluted EPS

 

The following table sets forth the computation of the common shares outstanding used in determining basic and diluted EPS (amounts in thousands, except per share amounts):

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

Numerator for earnings per common share calculation:

 

 

 

 

 

 

 

 

 

Net income

 

$

4,349 

 

$

2,910 

 

$

12,078 

 

$

8,805 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for earnings per common share calculation:

 

 

 

 

 

 

 

 

 

Weighted-average common shares, basic

 

40,499 

 

43,103 

 

42,057 

 

42,748 

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

Stock options, restricted stock and warrants

 

536 

 

1,040 

 

707 

 

815 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares, diluted

 

41,035 

 

44,143 

 

42,764 

 

43,563 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EPS

 

 

 

 

 

 

 

 

 

Basic

 

$

0.11 

 

$

0.07 

 

$

0.29 

 

$

0.21 

 

Diluted

 

$

0.11 

 

$

0.07 

 

$

0.28 

 

$

0.20