(5) Net Income Per Common Share

Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of shares and, if dilutive, common equivalent shares, determined using the treasury stock method for stock options, restricted stock awards and restricted stock units outstanding during the period. A reconciliation of the shares used in calculating basic and diluted net income per share is as follo ws:

 

     Three Months Ended  
     April 29,
2017
     April 30,
2016
 

Weighted Average Common Shares Outstanding—Basic

     7,480,039        7,357,588  

Effect of Dilutive Options and Restricted Stock Units

     135,507        166,661  
  

 

 

    

 

 

 

Weighted Average Common Shares Outstanding—Diluted

     7,615,546        7,524,249  
  

 

 

    

 

 

 

For the three months ended April 29, 2017 and April 30, 2016, the diluted per share amounts do not reflect common equivalent shares outstanding of 472,214 and 431,133, respectively, because their effect would have been anti-dilutive.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Astro-Med director just picked up 1,321 shares - Nov. 1, 2017
Astro-Med director just picked up 1,402 shares - Nov. 1, 2017
Astro-Med director just picked up 1,321 shares - Nov. 1, 2017
Astro-Med director just picked up 1,321 shares - Nov. 1, 2017
Astro-Med director just picked up 1,402 shares - Nov. 1, 2017

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