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Net Income per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Computation of the Company’s basic and diluted net income per share
The computation of the Company's basic and diluted net income per share for the three and six months ended June 30, 2015 and 2014 was as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands, except per share data)
Numerator for basic and dilutive income per common share:
 

 
 

 
 
 
 
Net income
$
26,897

 
$
19,167

 
$
55,309

 
$
39,991

Less: Net income allocated to unvested participating restricted stock
(359
)
 
(307
)
 
(726
)
 
(649
)
Net income available to common stockholders - basic
26,538

 
18,860

 
54,583

 
39,342

Effect of unvested participating restricted stock in two-class calculation
1

 
1

 
2

 
2

Net income available to common stockholders - diluted
$
26,539

 
$
18,861

 
$
54,585

 
$
39,344

Denominator:
 

 
 

 
 
 
 
Weighted average outstanding shares of common stock - basic
18,763

 
18,776

 
18,819

 
18,785

Dilutive effect of stock options
132

 
179

 
140

 
218

Weighted average outstanding shares of common stock - diluted
18,895

 
18,955

 
18,959

 
19,003

Net income per common share:
 

 
 

 
 
 
 
Basic
$
1.41

 
$
1.00

 
$
2.90

 
$
2.09

Diluted
$
1.40

 
$
1.00

 
$
2.88

 
$
2.07