XML 93 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Share
 6 Months Ended
Jun. 30, 2013
Earnings per Share [Abstract]  
Earnings per Share
9. Earnings per Share

Earnings per basic and diluted weighted average common share outstanding were calculated as follows for the three and six months ended June 30, 2013 and 2012 (in thousands, except per share data):

 

                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
    2013     2012     2013     2012  

Net income

   $ 5,561     $ 3,604     $ 15,067     $ 8,338  
   

 

 

    

 

 

    

 

 

    

 

 

  

Basic weighted-average common shares outstanding

     9,443       9,374       9,440       9,372  

Effect of potentially dilutive common shares (1)

     38       59       34       51  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted weighted-average common shares outstanding

     9,481       9,433       9,474       9,423  
   

 

 

    

 

 

    

 

 

    

 

 

  

Earnings per common share:

                                

Earnings per basic common share

   $ 0.59     $ 0.38     $ 1.60     $ 0.89  

Earnings per diluted common share

   $ 0.59     $ 0.38     $ 1.59     $ 0.88  
         

Antidilutive shares not included in diluted common share calculation

     95       60       124       45  

 

(1) Represents the effect of the assumed exercise of stock options and the vesting of restricted stock units and performance stock awards, based on the treasury stock method.