Quarterly report pursuant to Section 13 or 15(d)

BASIC AND DILUTED EARNINGS PER SHARE

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BASIC AND DILUTED EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
BASIC AND DILUTED EARNINGS PER SHARE
BASIC AND DILUTED EARNINGS PER SHARE

The following table is a reconciliation of the numerator and denominators used in the earnings per share calculation:

 
 
For the Three Months Ended March 31,
 
 
2018
 
2017
 
 
Income (Numerator)
 
Weighted Average Shares (Denominator)
 
Per-Share
Amount
 
Income (Numerator)
 
Weighted Average Shares (Denominator)
 
Per-Share
Amount
Basic EPS
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
1,876,228

 
48,670,305

 
$
0.04

 
600,071

 
50,632,275

 
$
0.01

 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of Dilutive Securities
 
 
 
 
 
 
 
 
 
 
 
 
Stock options & RSUs
 

 
1,073,796

 
 
 

 
655,130

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders + assumed conversions
 
1,876,228

 
49,744,101

 
$
0.04

 
600,071

 
51,287,405

 
$
0.01



Options to purchase 266,000 and 1,199,000 shares of common stock at a weighted average price of $3.89 and $2.03 per share were outstanding during the three months ended March 31, 2018 and 2017, respectively, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expire between November 2019 and May 2020, were still outstanding at March 31, 2018.