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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Reconciles the numerator and denominator of the basic and diluted earnings per share computations for net income
                                 
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2012     2011     2012     2011  

Numerator for EPS:

                               

Net income

  $ 8,256     $ 975     $ 25,906     $ 22,422  

Less: Preferred stock dividends

    (23     (5     (282     (15
   

 

 

   

 

 

   

 

 

   

 

 

 

Income available to common stockholders

  $ 8,233     $ 970     $ 25,624     $ 22,407  
         

Denominator for EPS:

                               

Weighted average common shares outstanding

    39,679       39,190       39,579       39,177  

Plus: Assumed conversion of stock-based compensation (1)

    282       651       390       870  

Assumed conversion of preferred stock

    489       489       489       489  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average diluted common shares outstanding

    40,450       40,330       40,458       40,536  

Basic earnings per common share

  $ 0.21     $ 0.02     $ 0.65     $ 0.57  

Diluted earnings per common share

  $ 0.20     $ 0.02     $ 0.64     $ 0.55  

 

(1) Represents the dilutive effect of unvested restricted stock and unexercised stock options.