Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share

2. Earnings Per Share

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

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Numerator for basic and diluted earnings per share:
Net income	$	13,744		$	30,148		$	55,189		$	64,031
Effect of reallocating undistributed earnings of participating securities		(90	)		(183	)		(379	)		(410	)
Net income available under the two-class method	$	13,654		$	29,965		$	54,810		$	63,621
Denominator:
Denominator for basic earnings per share—weighted-average shares		22,944,840			22,940,794			22,946,956			22,961,251
Effect of dilutive potential common shares		—			—			—			—
Denominator for diluted earnings per share—adjusted weighted-average shares		22,944,840			22,940,794			22,946,956			22,961,251
Basic earnings per share	$	0.60		$	1.31		$	2.39		$	2.77
Diluted earnings per share	$	0.60		$	1.31		$	2.39		$	2.77