Net Income per Common Share

3 Months Ended

Mar. 31, 2021

9. 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,
	2021		2020
Weighted average common shares outstanding basic		35,993,331		35,723,979
Dilutive effect of stock options and restricted stock		297,500		104,449
Weighted average common shares outstanding diluted		36,290,831		35,828,428

There were no options to purchase shares of common stock excluded from the computation of diluted earnings for the quarter ended March 31, 2021. Options to purchase 401,197 shares of common stock that were outstanding for the quarter ended March 31, 2020 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.