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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The following table sets forth the components used in the computation of basic and diluted earnings per share (dollars in thousands, except share and per share amounts):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 6,124 |  |  | $ | 2,075 |  |  | $ | 10,422 |  |  | $ | 2,345 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 31,632,533 |  |  |  | 31,597,907 |  |  |  | 31,622,956 |  |  |  | 29,940,448 |
Effect of dilutive shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unvested restricted stock units(1) |  |  | 118,405 |  |  |  | 16,739 |  |  |  | 74,101 |  |  |  | 13,177 |
Diluted weighted-average shares outstanding |  |  | 31,750,938 |  |  |  | 31,614,646 |  |  |  | 31,697,057 |  |  |  | 29,953,625 |
Basic earnings per share(2) |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.33 |  |  | $ | 0.08 |
Diluted earnings per share(1) |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.33 |  |  | $ | 0.08 |
(1) | For the three and six months ended June 30, 2014 and 2013, no stock options were included in the diluted income per share calculation as the effect of their inclusion would be antidilutive.
(2) | On January 30, 2013 the Company completed its initial public offering (“IPO”) in which it issued and sold 10 million shares of common stock at the public offering price of $17.00 per share. Basic and diluted income (loss) per share for the three and six months ended June 30, 2013 give effect to the conversion of the Company’s members’ equity into common stock on January 30, 2013 as though the conversion had occurred as of the beginning of the reporting period or the original date of issuance, if later. The number of shares converted was based on the actual IPO price of $17.00 per share.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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