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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings per Share

(8) Earnings per Share

We compute earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities which for us are our outstanding RSUs (restricted stock units). 

The following table sets forth the computation of earnings per share for the three and six months ended June 30, 2014. The adjustments for 2013 were not significant (in thousands, except per share amounts): 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months

 

Three months

Numerator:

 

 

 

 

 

 

Net income

 

$
6,594 

 

$
3,068 

Less:  earnings allocated to RSUs

 

 
(263)

 

 
(125)

Net income available to common shareholders

 

$
6,331 

 

$
2,943 

Denominator:

 

 

 

 

 

 

Average number of common shares outstanding

 

 
28,763 

 

 
28,770 

Potential dilutive shares

 

 
238 

 

 
287 

Average number of diluted shares outstanding

 

 
29,001 

 

 
29,057 

Earnings per share:

 

 

 

 

 

 

Basic

 

$
0.22 

 

$
0.10 

Diluted

 

$
0.22 

 

$
0.10