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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
7,073,000
 
$
2,813,000
 
$
13,006,000
 
$
6,804,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
13,863,043
 
 
13,747,000
 
 
13,836,087
 
 
13,711,961
 
Effect of dilutive common stock equivalents
 
 
100,014
 
 
87,264
 
 
159,084
 
 
67,634
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average diluted common shares outstanding
 
 
13,963,057
 
 
13,834,264
 
 
13,995,171
 
 
13,779,595
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.51
 
$
0.20
 
$
0.94
 
$
0.50
 
Diluted
 
$
0.51
 
$
0.20
 
$
0.93
 
$
0.49