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Note 9 - Net Income Per Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

9.  Net Income Per Share


Basic net income per share is computed by dividing net income by weighted average number of common shares outstanding for the period (excluding outstanding stock options and shares subject to repurchase). Diluted net income per share is computed using the weighted-average number of common shares outstanding for the period plus the potential effect of dilutive securities which are convertible into common shares (using the treasury stock method), except in cases in which the effect would be anti-dilutive. Under the treasury stock method, the amount that the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of the tax benefits that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares.  The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share (in thousands except per share amount):


   

Year Ended December 31,

 
   

2014

   

2013

   

2012

 

Numerator:

                       

Net income

  $ 18,462     $ 20,929     $ 37,211  

Numerator:

                       

Basic weighted-average shares outstanding

    30,743       29,826       28,700  

Effect of dilutive options and restricted stock

    1,196       1,567       1,109  

Diluted weighted-average shares outstanding

    31,939       31,393       29,809  
                         

Net income per share - Basic

  $ 0.60     $ 0.70     $ 1.30  

Net income per share - Diluted

  $ 0.58     $ 0.67     $ 1.25  

 The following table sets forth potential shares of common stock that are not included in the diluted net loss per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands):


   

December 31,

 
   

2014

   

2013

 

Outstanding options

    61       49  

Nonvested shares of restricted stock units

    19       4  

Employee Stock Purchase Plan

    50       7  

Total

    130       60