Net Income Per Common Share

12 Months Ended

Dec. 31, 2022

5. 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,
	2022		2021		2020
Weighted average common shares outstanding basic		36,411,389		36,138,571		35,785,798
Dilutive effect of stock options and restricted stock		379,450		220,398		130,832
Weighted average common shares outstanding diluted		36,790,839		36,358,969		35,916,630

Options to purchase 114,540, 26,814 and 462,332 shares of common stock that were outstanding at December 31, 2022, 2021 and 2020, 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.