v2.4.1.9
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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

Anti-dilutive Excluded from Diluted Earnings Per Share
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