Net Income Per Common Share

6 Months Ended

Jun. 30, 2013

Note 5 — Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the basic weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding options and vesting of restricted stock units when dilutive.

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Basic weighted average common shares outstanding		21,256		22,583		21,781		22,660
Weighted average common equivalent shares		491		440		421		438

Diluted weighted average common shares outstanding		21,747		23,023		22,202		23,098

Options excluded from diluted weighted average share calculation as effect would have been anti-dilutive		295		559		746		483

- Definition

The entire disclosure for earnings per share.

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