XML 54 R19.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share assumes the conversion of all potentially dilutive securities and is calculated by dividing net income by the sum of the weighted average number of shares of common stock outstanding plus all potentially dilutive securities. Dilutive common shares consist primarily of stock options and restricted stock awards.
 
 
Three months ended
 
March 31,
2015
 
March 31,
2014
 
(in thousands, except share and per share data)
Numerator:
 
 
 
Net income
$
8,399

 
$
9,822

Denominator:
 

 
 

Basic weighted average shares*
54,083,897

 
55,041,831

Effect of dilutive stock options and restricted stock*
556,492

 
571,359

Diluted weighted average shares*
54,640,389

 
55,613,190

Earnings per share:
 

 
 

Basic*
$
0.16

 
$
0.18

Diluted*
$
0.15

 
$
0.18

Anti-dilutive shares:
 

 
 

Shares*
124,114

 
20,450

 *Reflects three-for-two stock split effective July 16, 2014