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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
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
June 30,
  Six months ended
June 30,
 
(In thousands, except per share data)
  2013   2012   2013   2012  

Numerator:

                         

Net income

  $ 9,462   $ 9,535   $ 16,422   $ 15,745  

Less: Net income allocated to participating securities

    94     83     154     120  
                   

Net income available to common shareholders

  $ 9,368   $ 9,452   $ 16,268   $ 15,625  
                   

Denominator:

                         

Weighted average common shares outstanding

    20,785     20,338     20,723     20,319  

Weighted average dilutive securities

    612     756     660     779  
                   

Weighted average common shares outstanding, diluted

    21,397     21,094     21,383     21,098  
                   

Income per common share, basic

  $ 0.45   $ 0.46   $ 0.79   $ 0.77  

Income per common share, diluted

  $ 0.44   $ 0.45   $ 0.76   $ 0.74