Net Income Per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Net income per common share, as shown on the Condensed Consolidated Statements of Income (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the period as follows:

	Three Months Ended		Six Month Ended
	June 30,		June 30,
	2014	2013	2014	2013
Weighted average common shares outstanding
Basic	32,425,994	33,559,398	32,892,864	33,529,004
Dilutive effect of stock options and restricted stock	536,796	318,554	494,245	368,958
Weighted average common shares outstanding diluted	32,962,790	33,877,952	33,387,109	33,897,962

Options to purchase 199,500 shares of common stock that were outstanding for both the three and six month periods ended June 30, 2014, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares. Options to purchase 470,000 shares of common stock that were outstanding for both the three and six month periods ended June 30, 2013, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares.