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Earnings Per Share
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share.

 
Three Months Ended
 
September 30, 2012
 
September 30, 2011
 
(In thousands,
except per share amounts)
Basic and diluted earnings per share:
 
 
 
Numerator:
 
 
 
Net income
$
2,911

 
2,053

Net income allocated to Class A common stock
$
2,881

 
2,032

Net income allocated to Class B common stock
30

 
21

Net income
$
2,911

 
2,053

Denominator:
 

 
 

Weighted average shares of Class A outstanding - basic
49,019

 
48,912

Weighted average shares of Class A outstanding - diluted
49,030

 
48,912

Weighted average shares of Class B outstanding - basic and diluted
1,002

 
1,002

Basic earnings per share of Class A common stock
$
0.06

 
0.04

Basic earnings per share of Class B common stock
0.03

 
0.02

Diluted earnings per share of Class A common stock
0.06

 
0.04

Diluted earnings per share of Class B common stock
0.03

 
0.02


 
Nine Months Ended
 
September 30, 2012
 
September 30, 2011
 
(In thousands,
except per share amounts)
Basic and diluted earnings per share:
 
 
 
Numerator:
 
 
 
Net income
$
4,826

 
6,684

Net income allocated to Class A common stock
$
4,777

 
6,616

Net income allocated to Class B common stock
49

 
68

Net income
$
4,826

 
6,684

Denominator:
 
 
 
Weighted average shares of Class A outstanding - basic
48,962

 
48,762

Weighted average shares of Class A outstanding - diluted
48,972

 
48,764

Weighted average shares of Class B outstanding - basic and diluted
1,002

 
1,002

Basic earnings per share of Class A common stock
$
0.10

 
0.13

Basic earnings per share of Class B common stock
0.05

 
0.07

Diluted earnings per share of Class A common stock
0.10

 
0.13

Diluted earnings per share of Class B common stock
0.05

 
0.07



The diluted earnings per share calculation has assumptions regarding the exercise of warrants issued to certain investors as discussed below in Note 8 - Convertible Preferred Stock: Warrants.  Dilution was immaterial for the three and nine months ended September 30, 2012.