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Earnings Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of the basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2016 (in thousands, except per share data):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2016
 
2015
 
2016
Numerator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Net income
$
4,444

 
$
5,683

 
$
15,419

 
$
15,454

Less: Earnings allocated to unvested restricted stock
(51
)
 
(25
)
 
(194
)
 
(76
)
Income attributable to common stockholders
$
4,393

 
$
5,658

 
$
15,225

 
$
15,378

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per common share - weighted average shares outstanding
17,874

 
16,529

 
18,115

 
16,502

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
209

 
273

 
240

 
260

Convertible subordinated notes
—

 
299

 
233

 
200

Denominator for diluted earnings per common share - weighted average shares outstanding
18,083

 
17,101

 
18,588

 
16,962

 
 
 
 
 
 
 
 
Basic earnings per common share:
$
0.24

 
$
0.34

 
$
0.84

 
$
0.93

Diluted earnings per common share:
$
0.24

 
$
0.33

 
$
0.82

 
$
0.91


The fully diluted weighted average shares outstanding for the three and nine months ended September 30, 2016 and the corresponding calculation of fully diluted earnings per share, include approximately 299,000 and 200,000 shares that would have been issued upon the conversion of our convertible subordinated notes as a result of the application of the if-converted method prescribed by the FASB ASC 260, respectively. There were no shares for the three months ended September 30, 2015 and 233,000 shares for the nine months ended September 30, 2015 that would have been issued upon conversion under the if-converted method.
For the three and nine months ended September 30, 2016, no stock options were excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect. For the three and nine months ended September 30, 2015, 584,000 stock options were excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect.