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Stockholders' Equity
12 Months Ended
Dec. 31, 2013
Stockholders' Equity [Abstract]  
Stockholders' Equity
(8)       Stockholders’ Equity
 
Stock Split
 
On December 3, 2012, the Company’s stockholders approved a three-for-one stock split of the Company’s common stock to be accomplished by means of a stock distribution. The additional shares were distributed on December 28, 2012, to stockholders of record as of December 14, 2012. The stockholders also approved an increase from 23,500,000 to 70,500,000 in the number of authorized shares of the Company’s common stock and an increase from 5,000,000 to 15,000,000 in the number of authorized shares of the Company’s preferred stock. Historical outstanding shares, stock options, and restricted shares were recast upon the distribution of additional shares.
  
Income per Share
 
In accordance with FASB ASC 480-10-S99, Distinguishing Liabilities from Equity, and solely for the purpose of calculating earnings per share, net income was decreased by $1,976,000 for an adjustment to the value of redeemable non-controlling interests in determining the numerator used to calculate basic and diluted earnings per share, for the year ended December 31, 2013.
 
The reconciliation of basic to diluted weighted average common shares outstanding is as follows for the years ended December 31:
 
   
2013
   
2012
   
2011
 
Weighted average number of common shares outstanding – basic
    38,923,206       38,594,286       37,999,422  
Dilutive effect of:
                       
Common stock options
    217,082       398,452       453,054  
Unvested restricted stock
    70,104       51,730       30,309  
Weighted average number of common shares outstanding – diluted
    39,210,392       39,044,468       38,482,785  
 
Common stock options totaling 55,000 were not included in the diluted income per share calculation for the year ended December 31, 2013, because their effect would have been anti-dilutive.
 
Cash Dividend
 
On December 10, 2012, the Company’s board of directors declared a special cash dividend of $7.00 per share (on a pre-split basis) on the Company’s common stock. The dividend of $91,629,000 was paid on December 28, 2012, to stockholders of record as of the close of business on December 20, 2012, and was funded with available cash and additional borrowings under the Company’s senior credit facility. Covenants under the senior credit facility limit the Company’s ability to declare future dividends. In 2013, dividends of $34,000 were forfeited when the underlying restricted shares were also forfeited.