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Net Income Per Share Computations
 12 Months Ended
Dec. 31, 2016
Net Income Per Share Computations [Abstract]  
Net Income Per Share Computations

6.NET INCOME PER SHARE COMPUTATIONS



The following is a reconciliation of the numerator and denominator of the net income per common share computations for the years ended December 31, 2016 and 2015





 

 

 

 

 



 

 

 

 

 



2016

 

2015



 

 

 

 

 

Net income (numerator) amounts used for basic and diluted per share computations:

$

 4,195,980 

 

$

 2,727,022 



 

 

 

 

 

Weighted average shares (denominator) of common stock outstanding:

 

 

 

 

 

Basic

 

 4,287,142 

 

 

 4,227,862 

Plus dilutive effect of stock options

 

 23,371 

 

 

 12,718 

Diluted

 

 4,310,513 

 

 

 4,240,580 



 

 

 

 

 

Net income per common share:

 

 

 

 

 

Basic

$

 0.98 

 

$

 0.65 

Diluted

 

 0.97 

 

 

 0.64 



Options to purchase 45,000 shares of common stock at an average of $12.80 per share were outstanding but not included in the computation of diluted net income per share for the year ended December 31, 2016 because the options were out of the money at December 31, 2016.  



Options to purchase 75,000 shares of common stock at an average of $13.45 per share were outstanding but not included in the computation of diluted net income per share for the year ended December 31, 2015 because the options were out of the money at December 31, 2015.