Net Income Per Common Share

9 Months Ended

Sep. 30, 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 and nine-month periods ended September 30, 2013 and 2012:

	Three Months EndedSeptember 30,		Nine Months EndedSeptember 30,
	2013	2012	2013	2012
Weighted shares of common stock outstanding — basic	5,548,201	5,477,928	5,535,687	5,467,450
Dilutive impact of share-based awards	136,314	205,508	138,007	227,855
Weighted shares of common stock outstanding — diluted	5,684,515	5,683,436	5,673,694	5,695,305

Outstanding stock options totaling 255,650 for the three-month and nine-month periods ended September 30, 2013, and 126,700 for the three and nine-month period ended September 30, 2012, were excluded from the net income per common share calculation because the shares would be anti-dilutive.