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Net Income Per Common Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Net Income Per Common Share

Note 6 — 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
March 31,		  
     2014      2013  

Basic weighted average common shares outstanding

      19,613         22,306   

Weighted average common equivalent shares

      —           352   
  

 

 

     

 

 

  

Diluted weighted average common shares outstanding

      19,613         22,658   
  

 

 

     

 

 

  

Options excluded from diluted weight average share calculation as effect would have been anti-dilutive

      2,080         1,198