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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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

 

Six months ended

 

 

 

June 30,

 

June 30,

 

(In thousands, except per share data)

 

2014

 

2013

 

2014

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

7,741

 

$

9,462

 

$

14,013

 

$

16,422

 

Less: Net income allocated to participating securities

 

(54

)

(94

)

(116

)

(154

)

Net income available to common shareholders

 

$

7,687

 

$

9,368

 

$

13,897

 

$

16,268

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

21,115

 

20,785

 

21,108

 

20,723

 

Weighted average dilutive securities

 

516

 

612

 

492

 

660

 

Weighted average common shares outstanding, diluted

 

21,631

 

21,397

 

21,600

 

21,383

 

 

 

 

 

 

 

 

 

 

 

Income per common share, basic

 

$

0.36

 

$

0.45

 

$

0.66

 

$

0.79

 

Income per common share, diluted

 

$

0.36

 

$

0.44

 

$

0.64

 

$

0.76

Schedule of shares of common stock underlying the Company's unvested stock options and performance awards excluded from the calculation of dilutive securities

 

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

(In thousands)

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

104

 

221

 

104

 

221

 

Performance awards

 

85

 

 

85