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Earnings Per Share (Tables)
9 Months Ended
Sep. 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

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

(In thousands, except per share data)

 

2013

 

2012

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

8,315

 

$

8,746

 

$

24,737

 

$

24,491

 

Less: Net income allocated to participating securities

 

83

 

78

 

237

 

195

 

Net income available to common shareholders

 

$

8,232

 

$

8,668

 

$

24,500

 

$

24,296

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

20,860

 

20,410

 

20,769

 

20,349

 

Weighted average dilutive securities

 

592

 

776

 

629

 

785

 

Weighted average common shares outstanding, diluted

 

21,452

 

21,186

 

21,398

 

21,134

 

 

 

 

 

 

 

 

 

 

 

Income per common share, basic

 

$

0.39

 

$

0.42

 

$

1.18

 

$

1.19

 

Income per common share, diluted

 

$

0.38

 

$

0.41

 

$

1.14

 

$

1.15