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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share  
Net income available to common shareholders and the weighted average number of common shares used to compute basic and diluted earnings per share

 

 

 
  Three months
ended
March 31,
 
(In thousands except per share data)
  2013   2012  

Numerator:

             

Net income

  $ 6,960   $ 6,210  

Less: Net income allocated to participating securities

    (62 )   (39 )
           

Net income available to common shareholders

  $ 6,898   $ 6,171  
           

Denominator:

             

Weighted average common shares outstanding

    20,661     20,300  

Weighted average dilutive securities

    650     787  
           

Weighted average common shares outstanding, diluted

    21,311     21,087  
           

Income per common share, basic

  $ 0.33   $ 0.30  

Income per common share, diluted

  $ 0.32   $ 0.29