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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share  
Net income available to common shareholders and the weighted average number of common shares used to compute basic and diluted earnings per share

 

 

 
  Three months ended
September 30,
  Nine months ended
September 30,
 
(In thousands except per share data)
  2012   2011   2012   2011  

Numerator:

                         

Net income

  $ 8,746   $ 4,221   $ 24,491   $ 12,438  

Less: Net income allocated to participating securities

    78         195      
                   

Net income available to common shareholders

  $ 8,668   $ 4,221   $ 24,296   $ 12,438  
                   

Denominator:

                         

Weighted average common shares outstanding

    20,410     20,265     20,349     20,102  

Weighted average dilutive securities

    776     776     785     883  
                   

Weighted average common shares outstanding, diluted

    21,186     21,041     21,134     20,985  
                   

Income per common share, basic

  $ 0.42   $ 0.21   $ 1.19   $ 0.62  

Income per common share, diluted

  $ 0.41   $ 0.20   $ 1.15   $ 0.59