Numerator:

Net income

$

16,790

$

14,346

$

7,937

$

4,696

Less distributed and undistributed income allocated to participating securities

257

214

146

69

Net income attributable to common shareholders

16,533

14,132

7,791

4,627

Denominator:

Weighted average common shares (Basic)

18,279

18,072

18,323

18,144

Weighted average common shares including assumed conversions (Diluted)

18,279

18,072

18,323

18,144

Basic net income per share

$

0.90

$

0.78

$

0.43

$

0.25

Diluted net income per share

$

0.90

$

0.78

$

0.43

$

0.25