Net Income per Share

9 Months Ended

Sep. 30, 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 for the three and nine months ended September 30, 2013 and 2012 was as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(In thousands, except per share data)
Numerator for basic and dilutive income per common share:
Net income	$	18,730		$	60,573		$	53,906		$	108,855
Less: Net income allocated to unvested participating restricted stock	(296		)	(1,187		)	(925		)	(2,477		)
Less: Accretion of Series B Convertible Preferred Stock	—			(688		)	—			(2,033		)
Net income available to common stockholders - basic	18,434			58,698			52,981			104,345
Effect of unvested participating restricted stock in two-class calculation	1			57			3			121
Accretion of Series B Convertible Preferred Stock	—			688			—			2,033
Net income available to common stockholders - diluted	$	18,435		$	59,443		$	52,984		$	106,499
Denominator:
Weighted average outstanding shares of common stock - basic	18,831			18,006			18,898			17,859
Dilutive effect of:
Stock options	254			246			268			270
Series B Convertible Preferred Stock	—			672			—			672
Weighted average outstanding shares of common stock - diluted	19,085			18,924			19,166			18,801
Net income per common share:
Basic	$	0.98		$	3.26		$	2.80		$	5.84
Diluted	$	0.97		$	3.14		$	2.76		$	5.66

All Series B Convertible Preferred Stock was converted into DineEquity, Inc. common stock in November, 2012.