Earnings per Share

3 Months Ended

Mar. 31, 2018

Earnings per common share:

Earnings per Share

(6) Earnings per Share. The following details the computations of the basic and diluted earnings per common share (in thousands, except per share amounts):

	Three Months ended
	March 31,
	2018		2017
Weighted average common shares outstanding
during the period – shares used for basic
earnings per common share		10,015		9,931
Common shares issuable under share based
payment plans which are potentially dilutive		70		70
Common shares used for diluted
earnings per common share		10,085		10,001
Net income	$	1,560		1,443
Earnings per common share:
Basic	$	0.16		0.15
Diluted	$	0.15		0.14

For the three months ended March 31, 2018, 17,275 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three months ended March 31, 2017, 23,958 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.