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Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30, 2013 and 2012:

 

     Three Months Ended June 30, 2013      Six Months Ended June 30, 2013  
     Net Income      Shares      Per Share      Net Income      Shares      Per Share  

Basic earnings per share

                  

Income available to common stockholders

    $ 6,656         12,584,942       $ 0.53       $ 13,584         12,543,888       $ 1.08   

Effect of dilutive securities

                  

Options to purchase common stock

      —          296,175         —          —          287,152         —    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

                  

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

    $ 6,656         12,881,117       $ 0.52       $ 13,584         12,831,040       $ 1.06   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

     Three Months Ended June 30, 2012      Six Months Ended June 30, 2012  
     Net Income      Shares      Per Share      Net Income      Shares      Per Share  

Basic earnings per share

                  

Income available to common stockholders

    $ 6,620         12,452,112       $ 0.53       $ 11,742         10,894,419       $ 1.08   

Effect of dilutive securities

                  

Options to purchase common stock

      —          282,976         —          —          281,373         —    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

                  

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

    $ 6,620         12,735,088       $ 0.52       $ 11,742         11,175,792       $ 1.05   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Options to purchase 100,000 shares of common stock at $16.73 per share were outstanding during the three months ended June 30, 2013, but were not included in the computation of diluted earnings per share because they were anti-dilutive.