Stockholders' Equity

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Stockholders' Equity

Note 3.          Stockholders’ Equity

Net Income per Common Share

The following table sets forth the computation of basic and diluted net income per common share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Net Income	$	16,607	$	20,422	$	30,301	$	36,203
Weighted Average Common Shares Outstanding—Basic		27,384,255		27,535,034		27,452,470		27,374,164
Effect of Dilutive Securities:
Common Stock Equivalents		226,714		438,423		268,691		505,264
Weighted Average Common Shares Outstanding—Diluted		27,610,969		27,973,457		27,721,161		27,879,428
Net Income per Common Share—Basic	$	0.61	$	0.74	$	1.10	$	1.32
Net Income per Common Share—Diluted	$	0.60	$	0.73	$	1.09	$	1.30

The following have been excluded from the computation of Weighted Average Common Shares Outstanding—Diluted because the effect would be anti-dilutive:

	Three and Six Months Ended June 30,
	2014		2013
Stock Options		79,384		207,216
Restricted Stock Awards		20,424		546

Stock Repurchase Program

In January 2014, the Company’s board of directors authorized the repurchase of up to an additional $50,000 of the Company’s common stock, bringing the total authorization to $150,000. At June 30, 2014, the Company had $29,439 remaining under this authorization. Purchases under this program were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Shares Repurchased		246,200		125,930		414,200		196,530
Average Price per Share	$	84.20	$	81.81	$	90.36	$	71.94
Total Aggregate Costs	$	20,729	$	10,302	$	37,427	$	14,138