Income per Share (Tables)

9 Months Ended

Sep. 30, 2014

Computation of Basic and Diluted Net Income per Common Share

The following table sets forth the computation of basic and diluted net income per common share for the three and nine month periods ended September 30, 2014 and 2013 (amounts in thousands, except per share amounts):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Basic net income per share:
Net income	$	15,300	$	13,953	$	38,462	$	29,539
Weighted average number of shares of common stock outstanding		35,206		35,099		35,142		35,022

Net income per share of common stock – basic	$	0.43	$	0.40	$	1.09	$	0.84

Diluted net income per share:
Net income	$	15,300	$	13,953	$	38,462	$	29,539
Weighted average number of shares of common stock outstanding		35,206		35,099		35,142		35,022
Effect of dilutive securities:
Effect of dilutive stock options		24		—		24		—
Effect of dilutive non-vested restricted stock		36		70		74		108

Weighted average number of shares of common stock outstanding – diluted		35,266		35,169		35,240		35,130

Net income per share of common stock – diluted	$	0.43	$	0.40	$	1.09	$	0.84

Common shares excluded from the denominator as anti-dilutive:
Stock options		—		—		—		—

Non-vested restricted stock		—		1		—		—