Basic and Diluted Net Income Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share, Basic and Diluted [Abstract]

Basic and Diluted Net Income Per Share

Basic and Diluted Net Income Per Share

For the three months ended March 31, 2016 and 2015, basic net income per common share is computed by dividing net income by the weighted average number of common shares and vested restricted stock units outstanding during the period. Diluted net income per common share is calculated to give effect to all dilutive securities, if applicable, using the treasury stock method.

The following table sets forth the reconciliation of shares used to compute basic and diluted net income per share for the periods indicated:

	Three Months Ended March 31,
(shares in thousands)	2016	2015
Weighted average shares outstanding - basic	19,448	18,803
Dilutive potential common stock outstanding:
Stock options	430	474
Restricted stock units	65	14
Weighted average shares outstanding - diluted	19,943	19,291

The following weighted average outstanding common stock equivalents were not included in the calculation of diluted net income per share because their effect was anti-dilutive:

	Three Months Ended March 31,
(shares in thousands)	2016	2015
Stock options	14	3
Restricted stock units	—	—
Total	14	3