Net Income per Share

Basic net income per common share is calculated as net income divided by the weighted average common shares outstanding during the reporting period.

Diluted net income per common share is computed similarly to that of basic net income per common share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all potentially dilutive common shares, principally stock options, were issued during the reporting period utilizing the Treasury stock method.

The following is a reconciliation of the calculation of basic and diluted income per share:



	For the three months ended September 30,				For the nine months ended September 30,
(In thousands, except per share amounts)	2018		2017		2018		2017
Net income	$	5,490	$	3,757	$	16,117	$	10,393
Weighted average common shares outstanding - Basic	10,743		10,572		10,713		10,543
Plus: Potential dilutive common stock equivalents	193		189		197		191
Weighted average common shares outstanding - Diluted	10,936		10,761		10,910		10,734
Net income per common share - Basic	$	0.51	$	0.36	$	1.50	$	0.99
Net income per common share - Diluted	0.50		0.35		1.48		0.97
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive	$	40	$	77	$	103	$	70