Net Income per Common Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Income per Common Share

10.  Net Income per Common Share

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

	For the Quarter Ended March 31,
	2020		2019
Weighted average common shares outstanding basic		35,723,979		35,388,989
Dilutive effect of stock options and restricted stock		104,449		305,841
Weighted average common shares outstanding diluted		35,828,428		35,694,830

Options to purchase 401,197 and 655,086 shares of common stock that were outstanding for the quarters ended March 31, 2020 and 2019, respectively, 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.