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NET INCOME PER SHARE | 3 Months Ended
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Mar. 31, 2015
Earnings Per Share [Abstract] |
NET INCOME PER SHARE |
| 7. | NET INCOME PER SHARE
Per share results have been calculated based on the average number of common shares outstanding. The calculation of basic and diluted net income per share is determined using net income applicable to common stockholders as the numerator and the number of shares included in the denominator as follows (in thousands, except per share amounts):
|  | Three Months Ended March 31, |
|  | 2015 |  | 2014 |
Basic net income per share: |  |  |  |  |  |  |
Net income applicable to common stockholders |  | $ | 10,474 |  | $ | 7,296 |
Undistributed earnings allocated to participating securities |  |  | - |  |  | (61) |
Net income applicable to common stockholders excluding amounts applicable to participating securities |  | $ | 10,474 |  | $ | 7,235 |
Weighted average common shares outstanding |  |  | 68,731 |  |  | 68,669 |
Basic net income per share |  | $ | 0.15 |  | $ | 0.11 |
Diluted net income per share: |  |  |  |  |  |  |
Net income applicable to common stockholders |  | $ | 10,474 |  | $ | 7,296 |
Undistributed earnings allocated to participating securities |  |  | - |  |  | (61) |
Net income applicable to common stockholders excluding amounts applicable to participating securities |  | $ | 10,474 |  | $ | 7,235 |
Weighted average common shares outstanding |  |  | 68,731 |  |  | 68,669 |
Dilutive shares from assumed conversion of convertible senior notes |  |  | 1,729 |  |  | 1,591 |
Dilutive stock options and restricted stock |  |  | 1,095 |  |  | 828 |
Diluted weighted average common shares outstanding |  |  | 71,555 |  |  | 71,088 |
Diluted net income per share |  | $ | 0.15 |  | $ | 0.10 |
Average diluted shares outstanding for the three month periods ended March 31, 2015 and 2014 exclude options to purchase common shares totaling 557 and 576, respectively, because the exercise prices were greater than the average market price of the common shares. In addition, the calculation of diluted net income per share for the quarters ended March 31, 2015 and 2014 includes the impact of the Company’s Notes as the average stock price of the Company’s common stock during these periods was above the initial conversion price of approximately $11.70 per share.

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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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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 3: 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 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
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