| Computation of Earnings Per Share |
The computation of EPS is as follows:
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Three months ended June 30,
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Six months ended June 30,
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2016
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2015
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2016
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2015
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Numerator—basic and diluted:
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Net income
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$
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5,142
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$
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3,459
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$
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7,507
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$
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5,031
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Denominator:
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Weighted-average common shares - basic common stock
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19,972,395
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19,310,064
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19,900,032
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19,239,218
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Weighted-average common shares - diluted common stock
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20,925,613
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20,672,414
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20,860,878
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20,617,342
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Net income per share - basic common stock
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$
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0.26
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$
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0.18
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$
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0.38
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$
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0.26
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Net income per share - diluted common stock
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$
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0.25
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$
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0.17
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$
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0.36
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$
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0.24
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Denominator calculation from basic to diluted:
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Weighted-average common shares - basic common stock
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19,972,395
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19,310,064
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19,900,032
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19,239,218
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Warrants
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—
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9,663
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—
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9,657
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Stock options
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953,218
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1,352,687
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960,846
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1,368,467
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Weighted-average common shares - diluted common stock
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20,925,613
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20,672,414
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20,860,878
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20,617,342
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Shares excluded from diluted weighted-average shares:
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Stock options
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1,019,045
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582,970
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1,380,382
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612,970
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Shares excluded from diluted weighted-average shares
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1,019,045
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582,970
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1,380,382
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612,970
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