Earnings per share ("EPS")

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings per share ("EPS")

16. Earnings per share (“EPS”)

The Company uses the two-class method of computing basic EPS due to the existence of non-vested restricted stock awards with nonforfeitable rights to dividends or dividend equivalents (referred to as participating securities). For the three months ended March 31, 2020 and 2019, no significant adjustments were made to net income for purposes of calculating basic and diluted EPS.

The following is a reconciliation of the weighted average shares used in diluted EPS computations.

	Three Months Ended March 31,
	2020		2019
Weighted average common shares-basic		19,143,934		18,750,184
Effect of dilutive securities
Unexercised stock options and stock purchase plan		95,594		277,992
Unvested restricted stock awards and units		60,292		162,970
Weighted average common shares-diluted		19,299,820		19,191,146

There were 1,168,410 and 484,421 weighted average outstanding stock options and restricted stock awards and units not included in the diluted EPS computation for the three months ended March 31, 2020 and 2019, respectively, because inclusion of these awards was anti-dilutive or, for performance-based and market-based restricted stock awards and units, all necessary conditions had not been satisfied by the end of the respective period.