THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2014

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three months ended						Nine months ended
	September 30,						September 30,
	2014			2013			2014			2013
Numerator:
Net income	$	10,361		$	5,093		$	30,766		$	25,857
Less: Income allocated to participating securities		(94	)		(47	)		(297	)		(271	)
Net income available to common stockholders	$	10,267		$	5,046		$	30,469		$	25,586
Denominator:
Weighted average shares - basic		65,288			64,961			65,197			64,854
Performance-based restricted stock awards		-			8			-			7
Weighted average shares - diluted		65,288			64,969			65,197			64,861
Basic net income per share:
Net income	$	0.16		$	0.08		$	0.47		$	0.39
Diluted net income per share:
Net income	$	0.16		$	0.08		$	0.47		$	0.39