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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2014
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

 

 

 

March 31,

 

(In thousands, except per share data)

 

2014

 

2013

 

Numerator:

 

 

 

 

 

Net income

 

$

6,272

 

$

6,960

 

Less: Net income allocated to participating securities

 

(62

)

(62

)

Net income available to common shareholders

 

$

6,210

 

$

6,898

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted average common shares outstanding

 

21,036

 

20,661

 

Weighted average dilutive securities

 

477

 

650

 

Weighted average common shares outstanding, diluted

 

21,513

 

21,311

 

 

 

 

 

 

 

Income per common share, basic

 

$

0.30

 

$

0.33

 

Income per common share, diluted

 

$

0.29

 

$

0.32