Net Income Per Share

12 Months Ended

Dec. 31, 2018

NET INCOME PER SHARE [Abstract]

NET INCOME PER SHARE

NOTE 7 – 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, vesting of restricted stock units, vesting of restricted shares and from purchases of shares under our Employee Stock Purchase Plan, as calculated using the treasury stock method. Common equivalent shares are excluded from the calculation of net income per diluted share if their effect is anti-dilutive. The components of net income per basic and diluted share were as follows:

(In thousands except per share amounts)	Net Income		Weighted Average Shares Outstanding	Per Share Amount
Year Ended 12/31/2018:
Basic	$	2,827	7,028	$	0.40
Dilutive effect of common equivalent shares	—		180	(0.01		)
Dilutive	$	2,827	7,208	$	0.39
(In thousands except per share amounts)	Net Income		Weighted Average Shares Outstanding	Per Share Amount
Year Ended 12/31/2017:
Basic	$	1,312	6,946	$	0.19
Dilutive effect of common equivalent shares	—		129	—
Dilutive	$	1,312	7,075	$	0.19

Potentially dilutive shares excluded from the calculations of net income per diluted share due to their anti-dilutive effect were as follows: 258,000 shares in 2018 and 356,000 shares in 2017.