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Net Income Per Common Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share
Net Income Per Common Share
Net income per common share, as shown on the Condensed Consolidated Statements of Income (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the period as follows:
 
Three Months Ended
 
 
March 31,
 
 
2015
 
2014
 
Weighted average common shares outstanding
 
 
 
 
Basic
31,026,468

 
33,518,543

 
Dilutive effect of stock options and restricted stock
344,244

 
499,932

 
Weighted average common shares outstanding diluted
31,370,712

 
34,018,475

 

Options to purchase 400,866 shares of common stock that were outstanding for the three month period ended March 31, 2015, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and were therefore anti-dilutive. Options to purchase 209,500 shares of common stock that were outstanding for the three month period ended March 31, 2014, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares and were therefore anti-dilutive.