Earnings Per Share

6 Months Ended

Jun. 30, 2019

13. Earnings per Share

The following table sets forth basic and diluted weighted average shares outstanding for the periods indicated (in thousands):


	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2019	2018	2019	2018

Weighted average shares - basic	18,123	18,067	18,090	18,116
Effect of dilutive securities	128	107	160	114
Weighted average shares - assuming dilution	18,251	18,174	18,250	18,230

For each of the three and six months ended June 30, 2019, no shares of common stock potentially issuable upon the exercise of employee stock options were excluded from the weighted average number of shares outstanding on a diluted basis. For each of the three and six months ended June 30, 2018, 62,500 shares of common stock potentially issuable upon the exercise of employee stock options were excluded from the weighted average number of shares outstanding on a diluted basis because the effect of such options would be anti-dilutive.