Net Income Per Common Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income (Loss) Per Common Share

Net income (loss) per common share, as shown on the Consolidated Statements of Operations, is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:

	2014	2013	2012
Weighted average common shares outstanding:
Basic	32,232,965	33,588,720	33,597,020
Dilutive effect of stock options and restricted stock	471,047	454,705	512,212
Weighted average common shares outstanding diluted	32,704,012	34,043,425	34,109,232

Options to purchase 198,500, 123,900 and 212,000 shares of common stock that were outstanding at December 31, 2014, 2013 and 2012, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options was greater than the average market price of common shares.