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Net Income per Share (Tables)
9 Months Ended
Sep. 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 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
Net income
 
$
11,950

 
$
8,385

 
$
33,051

 
$
19,840

Less distributed and undistributed earnings allocated to participating securities
 
(303
)
 
(243
)
 
(822
)
 
(576
)
Net income allocated to common shares
 
$
11,647

 
$
8,142

 
$
32,229

 
$
19,264

 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
24,030

 
24,650

 
24,502

 
24,747

Incremental shares from assumed conversions of common stock options
 
6

 
2

 
7

 
5

Adjusted weighted average common shares outstanding
 
24,036

 
24,652

 
24,509

 
24,752

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

 
16

 

 
5