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Earnings Per Share | 6 Months Ended
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Jun. 30, 2012
Earnings Per Share [Abstract] |
Earnings Per Share |
10. | Earnings Per Share
Basic earnings per share (“EPS”) is based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from exercises of stock options, vesting of restricted stock and conversion of preferred stock. The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted earnings per share computations for the periods presented (in thousands, except per share data):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Numerator for EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,777 |  |  | $ | 7,549 |  |  | $ | 17,650 |  |  | $ | 21,447 |
Less: Preferred stock dividends |  |  | (5 | ) |  |  | (5 | ) |  |  | (259 | ) |  |  | (10 | )
Income available to common stockholders |  | $ | 7,772 |  |  | $ | 7,544 |  |  | $ | 17,391 |  |  | $ | 21,437 |
Denominator for EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 39,668 |  |  |  | 39,187 |  |  |  | 39,528 |  |  |  | 39,187 |
Plus: Assumed conversion of stock-based compensation (1) |  |  | 221 |  |  |  | 970 |  |  |  | 444 |  |  |  | 981 |
Assumed conversion of preferred stock |  |  | 488 |  |  |  | 488 |  |  |  | 488 |  |  |  | 489 |
Weighted average diluted common shares outstanding |  |  | 40,377 |  |  |  | 40,645 |  |  |  | 40,460 |  |  |  | 40,657 |
Basic earnings per common share |  | $ | 0.20 |  |  | $ | 0.19 |  |  | $ | 0.44 |  |  | $ | 0.55 |
Diluted earnings per common share |  | $ | 0.19 |  |  | $ | 0.19 |  |  | $ | 0.44 |  |  | $ | 0.53 |
(1) | Represents the dilutive effect of unvested restricted stock and unexercised stock options.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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