Quarterly report pursuant to Section 13 or 15(d)

Income Per Share of Common Stock

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Income Per Share of Common Stock
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Income Per Share of Common Stock
Income Per Share of Common Stock
Basic income per common share is computed by dividing net income by the weighted average number of common stock shares outstanding during the period. Diluted income per share reflects the potential dilution that could occur if common stock equivalents, such as stock options outstanding, were exercised into common stock that subsequently shared in the earnings of the Company.
As of June 30, 2017 and 2016, the Company had no common stock equivalents. The computation of the weighted average number of common stock shares outstanding excludes 2,362,418 shares of Treasury Stock for each of the three and six month periods ended June 30, 2017 and 2016.