THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2015

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,
	2015			2014			2015			2014
Numerator:
Net income	$	12,750		$	10,361		$	32,994		$	30,766
Less: Income allocated to participating securities		(117	)		(94	)		(307	)		(297	)
Net income available to common stockholders	$	12,633		$	10,267		$	32,687		$	30,469
Denominator:
Weighted average shares - basic		65,618			65,288			65,532			65,197
Performance-based restricted stock awards		19			-			17			-
Weighted average shares - diluted		65,637			65,288			65,549			65,197
Basic net income per share:
Net income	$	0.19		$	0.16		$	0.50		$	0.47
Diluted net income per share:
Net income	$	0.19		$	0.16		$	0.50		$	0.47