Earnings Per Share

The following table sets forth certain components of the computation of basic and diluted earnings per share for the year ended December 31:



In Thousands	2014		2013		2012

Numerator:
Net income	$	37,123	$	46,910	$	19,811

Denominator:
Denominator for basic earnings per share – weighted average shares	20,714		20,676		21,680

Effect of dilutive securities:
Employee stock options	107		88		52

Denominator for diluted earnings per share – weighted average shares	20,821		20,764		21,732

Stock options to purchase common stock at exercise prices in excess of the average actual stock price for the period that were anti-dilutive and that were excluded from the determination of diluted earnings per share are as follows:



In Thousands, Except Per Share Data	2014		2013		2012

Weighted average anti-dilutive stock options	54		191		179

Weighted average exercise price per share	$	49.90	$	31.16	$	31.37