Earnings per common share have been computed based on the following:
|
|
|
Year ended December 31, |
|
|
(in thousands, except share and per share data) |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Numerator |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
23,610 |
|
|
$ |
19,614 |
|
|
$ |
14,905 |
|
|
Denominator |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares outstanding |
|
|
17,732,920 |
|
|
|
16,258,424 |
|
|
|
14,677,499 |
|
|
Incremental shares assumed for stock options and RSUs |
|
|
482,004 |
|
|
|
570,781 |
|
|
|
456,526 |
|
|
Weighted-average number of dilutive shares outstanding |
|
|
18,214,924 |
|
|
|
16,829,205 |
|
|
|
15,134,025 |
|
|
Basic earnings per common share |
|
$ |
1.33 |
|
|
$ |
1.21 |
|
|
$ |
1.02 |
|
|
Diluted earnings per common share |
|
$ |
1.30 |
|
|
$ |
1.17 |
|
|
$ |
0.98 |
|
|