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Net Income per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Summary of the net income allocated to common shares and the basic and diluted shares used in the net income per share computations
The following table summarizes the net income allocated to common shares and the basic and diluted shares used in the net income per share computations:
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
Net income
 
$
7,314

 
$
1,891

 
$
21,101

 
$
11,455

Less distributed and undistributed earnings allocated to participating securities
 
(179
)
 
(139
)
 
(521
)
 
(333
)
Net income allocated to common shares
 
$
7,135

 
$
1,752

 
$
20,580

 
$
11,122

 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
24,766

 
24,770

 
24,741

 
24,797

Incremental shares from assumed conversions of common stock options
 
7

 
4

 
8

 
5

Adjusted weighted average common shares outstanding
 
24,773

 
24,774

 
24,749

 
24,802

 
 
 
 
 
 
 
 
 
Potentially dilutive securities not included in weighted average share calculation due to anti-dilutive effect