Net Income Per Share

6 Months Ended

Jun. 30, 2017

10. NET INCOME PER SHARE:

Net income per basic share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Net income per diluted share is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of common shares to be issued upon exercise of stock options, the vesting of restricted shares and restricted stock units and from the purchase of shares under our Employee Stock Purchase Plan, as calculated using the treasury stock method. The components of net income per basic and diluted share are as follows:


(In thousands except per share amounts)	Net Income		Weighted Average Shares Outstanding	Per Share Amount
Three Months Ended June 30, 2017
Basic	$	1,095	6,944	$	0.16
Dilutive effect of common equivalent shares	—		309	(0.01		)
Dilutive	$	1,095	7,253	$	0.15

(In thousands except per share amounts)	Net Income		Weighted Average Shares Outstanding	Per Share Amount
Three Months Ended June 30, 2016
Basic	$	2,041	6,803	$	0.30
Dilutive effect of common equivalent shares	—		248	(0.01		)
Dilutive	$	2,041	7,051	$	0.29


(In thousands except per share amounts)	Net Income		Weighted Average Shares Outstanding	Per Share Amount
Six Months Ended June 30, 2017
Basic	$	881	6,928	$	0.13
Dilutive effect of common equivalent shares	—		155	(0.01		)
Dilutive	$	881	7,083	$	0.12


(In thousands except per share amounts)	Net Income		Weighted Average Shares Outstanding	Per Share Amount
Six Months Ended June 30, 2016
Basic	$	4,304	6,790	$	0.63
Dilutive effect of common equivalent shares	—		153	(0.01		)
Dilutive	$	4,304	6,943	$	0.62

Potentially dilutive shares excluded from the calculations of net income per diluted share due to their anti-dilutive effect were as follows: 47,700 shares in the three months ended June 30, 2017; 329,350 shares in the six months ended June 30, 2017; 16,000 shares in the three months ended June 30, 2016; and 197,500 shares in the six months ended June 30, 2016.