Net Income Per Common Share

3 Months Ended

Mar. 31, 2013

Net Income Per Common Share

Net Income Per Common Share

Note 4 — Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period.  Diluted net income per common share is computed using the treasury stock method to compute the weighted average common stock outstanding assuming the conversion of potential dilutive common shares.

The following table presents a reconciliation of the denominators used in the computation of net income per common share — basic, and net income per common share — diluted, for the three-month periods ended March 31, 2013 and 2012:

	Three Months EndedMarch 31,
	2013	2012
Weighted shares of common stock outstanding — basic	5,521,183	5,450,173
Dilutive impact of share-based awards	155,760	241,610
Weighted shares of common stock outstanding — diluted	5,676,943	5,691,783

Outstanding stock options totaling 251,300 for the three-month period ended March 31, 2013 were excluded from the net income per common share calculation because the shares would be anti-dilutive.  There were no anti-dilutive stock options at March 31, 2012.