Net Income Per Common Share

12 Months Ended

Dec. 31, 2021

7. Net Income Per Common Share

Net income per common share, as shown on the accompanying Consolidated Statements of Operations, is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:


	For the Year Ended December 31,
	2021		2020		2019
Weighted average common shares outstanding basic		36,138,571		35,785,798		35,491,958
Dilutive effect of stock options and restricted stock		220,398		130,832		161,189
Weighted average common shares outstanding diluted		36,358,969		35,916,630		35,653,147

Options to purchase 26,814, 462,332 and 470,185 shares of common stock that were outstanding at December 31, 2021, 2020 and 2019, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options was greater than the average market price of common shares, and were therefore anti-dilutive.