Net Income per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Net Income per Share

Net Income per Share

The computation of the Company’s basic and diluted net income per share was as follows:

	Three Months Ended
	March 31,
	2013			2012
	(In thousands, except per share data)
Numerator for basic and dilutive income per common share:
Net income	$	18,239		$	31,344
Less: Net income allocated to unvested participating restricted stock	(329		)	(796		)
Less: Accretion of Series B Convertible Preferred Stock	—			(668		)
Net income available to common stockholders - basic	17,910			29,880
Effect of unvested participating restricted stock in two-class calculation	1			40
Accretion of Series B Convertible Preferred Stock	—			668
Net income available to common stockholders - diluted	$	17,911		$	30,588
Denominator:
Weighted average outstanding shares of common stock - basic	18,911			17,682
Dilutive effect of:
Stock options	282			316
Series B Convertible Preferred Stock	—			653
Weighted average outstanding shares of common stock - diluted	19,193			18,651
Net income per common share:
Basic	$	0.95		$	1.69
Diluted	$	0.93		$	1.64