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

The following table reconciles the numerators and denominators of the basic and diluted earnings per share computation(in thousands, except per share data).

 
Three months ended
 
March 31,
 
2013
 
2012
Numerator:
 
 
 
Net income
$
3,994

 
$
3,508

Denominator for basic net income per common share:
 
 
 
Weighted average common shares outstanding
12,282

 
12,169

 
 
 
 
Denominator for diluted net income per share:
 
 
 
Weighted average common shares outstanding
12,282

 
12,169

Dilutive effect of stock options and restricted stock
97

 
93

Diluted weighted average shares
12,379

 
12,262

Earnings per common share:
 
 
 
Basic
$
0.33

 
$
0.29

Diluted
$
0.32

 
$
0.29



A total of 51,714 stock options for the three months ended March 31, 2012 were excluded from the diluted weighted average shares as their effect would be anti-dilutive.