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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
Computation of Basic and Diluted Earnings per Share under Two-Class Method

The following table sets forth the computation of basic and diluted earnings per share under the two-class method:

 

     Three months ended  
     March 31,  
     2014     2013  

Numerator for basic and diluted earnings per share:

    

Net income

   $ 18,427      $ 17,577   

Effect of reallocating undistributed earnings of participating securities

     (136     (117
  

 

 

   

 

 

 

Net income available under the two-class method

   $ 18,291      $ 17,460   
  

 

 

   

 

 

 

Denominator:

    

Denominator for basic earnings per share—weighted-average shares

     22,948,109        22,990,048   

Effect of dilutive potential common shares

     —          —     
  

 

 

   

 

 

 

Denominator for diluted earnings per share—adjusted weighted-average shares

     22,948,109        22,990,048   
  

 

 

   

 

 

 

Basic earnings per share

   $ 0.80      $ 0.76   
  

 

 

   

 

 

 

Diluted earnings per share

   $ 0.80      $ 0.76