Numerator for net income per share – basic:

$

6,359

$

6,964

Net income

Allocation of distributed and undistributed income to unvested restricted stock shareholders

(1

)

(4

)

Net income attributable to common shareholders

6,358

6,960

Denominator for net income per share – basic:

Weighted average shares of common stock outstanding – basic

23,868

24,585

Net income per share – basic

$

0.27

$

0.28

Numerator for net income per share – diluted:

Net income attributable to common shareholders for basic computation

6,358

6,960

Denominator for net income per share – diluted:

Weighted average shares of common stock outstanding – basic

23,868

24,585

Weighted average effect of dilutive securities – stock options

95

153

Denominator for diluted earnings per share – adjusted weighted average shares

23,963

24,738

Net income per share – diluted

$

0.27

$

0.28