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Net Income Per Share
3 Months Ended
Mar. 31, 2014
Net Income Per Share [Abstract]  
Net Income Per Share

11.         NET INCOME PER SHARE

 

Basic net income per share has been computed by dividing net income by the basic number of weighted average shares outstanding.  Diluted net income per share has been computed by dividing net income by the diluted number of weighted average shares outstanding using the treasury stock method.  The share effect is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31,

 

 

2014

 

2013

Weighted average shares outstanding:

 

 

 

 

Common shares

 

22,717,243 

 

23,692,780 

Vested restricted stock units

 

746,137 

 

637,247 

Basic number of weighted average shares outstanding

 

23,463,380 

 

24,330,027 

 

 

 

 

 

Dilutive effect of stock options

 

13,389 

 

39,266 

Dilutive effect of restricted stock and restricted stock units

 

51,697 

 

56,834 

Dilutive number of weighted average shares outstanding

 

23,528,466 

 

24,426,127 

 

For the three months ended March 31, 2014 and 2013, there were no stock options, restricted stock or restricted stock units that would have been anti-dilutive.