Income Per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Income Per Common Share

Note 2: Income Per Common Share

	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2014			2013			2014		2013
Numerator:
Net income	$	22,754		$	7,359		$	11,113	$	7,427
Dividends on Series B Preferred		(240	)		(240	)		—		—
Dividends on Series D Preferred		(60	)		(60	)		—		—
Total dividends on preferred stocks		(300	)		(300	)		—		—
Numerator for basic net income per common share—net income applicable to common stock		22,454			7,059			11,113		7,427
Dividends on preferred stocks assumed to be converted, if dilutive		300			60			—		—
Numerator for diluted net income per common share	$	22,754		$	7,119		$	11,113	$	7,427
Denominator:
Denominator for basic net income per common share—weighted-average shares		22,538,773			22,430,589			22,544,857		22,437,485
Effect of dilutive securities:
Convertible preferred stocks		916,666			250,000			916,666		916,666
Stock options		195,000			234,071			198,715		223,232
Dilutive potential common shares		1,111,666			484,071			1,115,381		1,139,898
Denominator for diluted net income per common share—adjusted weighted-average shares and assumed conversions		23,650,439			22,914,660			23,660,238		23,577,383
Basic net income per common share	$	1.00		$	0.31		$	0.49	$	0.33
Diluted net income per common share	$	0.96		$	0.31		$	0.47	$	0.31

The following weighted-average shares of securities were not included in the computation of diluted net income per common share as their effect would have been antidilutive:

	Six Months Ended				Three Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Convertible preferred stocks		—		666,666		—		—
Stock options		325,326		251,683		370,099		250,016
		325,326		918,349		370,099		250,016