Net Income Per Share

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Net Income Per Share

NET INCOME PER SHARE

Basic earnings per common share exclude all common stock equivalents, primarily restricted stock awards, and is computed using the weighted average number of common shares outstanding during the period. The diluted earnings per common share calculation reflects the potential dilutive effect of securities that could share in earnings of the Company. As of September 30, 2018, there are no outstanding stock options. For periods prior to September 30, 2018 outstanding options were excluded from the diluted earnings per share calculation when they would have an anti-dilutive effect. Earnings per share are calculated as follows (in thousands, except earnings per share):

	Three Months Ended    September 30,
	2018		2017
Basic income per share
Net income	$	520	$	748
Weighted average shares outstanding	5,080		5,054
Basic income per share	$	0.10	$	0.15
Diluted income per share
Net income	$	520	$	748
Weighted average shares outstanding	5,080		5,054
Dilutive effect of stock options and restricted stock	19		45
Total weighted average shares outstanding	5,099		5,099
Diluted income per share	$	0.10	$	0.15

	Nine Months Ended   September 30,
	2018		2017
Basic income per share
Net income	$	790	$	2,317
Weighted average shares outstanding	5,078		5,036
Basic income per share	$	0.16	$	0.46
Diluted income per share
Net income	$	790	$	2,317
Weighted average shares outstanding	5,078		5,036
Dilutive effect of stock options and restricted stock	20		39
Total weighted average shares outstanding	5,098		5,075
Diluted income per share	$	0.15	$	0.46