XML 50 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Earnings Per Share
9 Months Ended
Sep. 30, 2015
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 periods indicated:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2015      2014      2015      2014  

Numerator:

           

Net income

   $ 6,507       $ 1,397       $ 15,998       $ 11,421   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Weighted average shares outstanding for basic earnings per share

     12,881         12,714         12,835         12,687   

Effect of dilutive securities

     230         220         228         263   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average shares adjusted for dilutive securities

     13,111         12,934         13,063         12,950   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per share:

           

Basic

   $ 0.51       $ 0.11       $ 1.25       $ 0.90   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

   $ 0.50       $ 0.11       $ 1.22       $ 0.88   
  

 

 

    

 

 

    

 

 

    

 

 

 

Options to purchase 488 and 379 shares of common stock were outstanding during the three and nine months ended September 30, 2015 and 2014, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.