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Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

Note 7. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the three months ended March 31, 2013 and 2012:

 

                         
    Three Months Ended March 31, 2013
(Unaudited)		  
    Net Income     Shares     Per Share  

Basic earnings per share

                        

Income available to common stockholders

   $ 6,928       12,502,378     $ 0.55  

Effect of dilutive securities

                        

Options to purchase common stock

     —         278,130       —    
   

 

 

    

 

 

    

 

 

  

Diluted earnings per share

                        

Income available to common stockholders plus assumed exercise of options to purchase common stock

   $ 6,928       12,780,508     $ 0.54  
   

 

 

    

 

 

    

 

 

  

 

                         
    Three Months Ended March 31, 2012
(Unaudited)		  
    Net Income     Shares     Per Share  

Basic earnings per share

                        

Income available to common stockholders

   $ 5,122       9,336,727     $ 0.55  

Effect of dilutive securities

                        

Options to purchase common stock

     —         279,770       —    
   

 

 

    

 

 

    

 

 

  

Diluted earnings per share

                        

Income available to common stockholders plus assumed exercise of options to purchase common stock

   $ 5,122         9,616,497     $ 0.53  
   

 

 

    

 

 

    

 

 

  

 

Options to purchase 410,000 shares of common stock at $15.00-$16.73 per share were outstanding during the three months ended March 31, 2013, but were not included in the computation of diluted earnings per share because they were anti-dilutive.