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NET INCOME PER COMMON SHARE
6 Months Ended
Jun. 30, 2013
NET INCOME PER COMMON SHARE  
NET INCOME PER COMMON SHARE

NOTE H — NET INCOME PER COMMON SHARE

 

Basic per common share amounts are computed using the weighted average number of common shares outstanding during the year. Diluted per common share amounts are computed using the weighted average number of common shares outstanding during the year and dilutive potential common shares. Dilutive potential common shares consist of stock options and restricted stock units and are calculated using the treasury stock method.

 

Net income per share is computed as follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(In thousands, except share and per share data)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 14,079

 

$

 17,386

 

$

 23,569

 

$

 26,021

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock outstanding used to compute basic per common share amounts

 

34,849,659

 

34,268,941

 

34,724,077

 

34,110,820

 

Effect of dilutive restricted stock units and options (1)

 

458,038

 

451,548

 

501,794

 

526,949

 

Shares used to compute dilutive per common share amounts

 

35,307,697

 

34,720,489

 

35,225,871

 

34,637,769

 

 

 

 

 

 

 

 

 

 

 

Basic income per share

 

$

 0.40

 

$

 0.51

 

$

 0.68

 

$

 0.76

 

Diluted income per share

 

$

 0.40

 

$

 0.50

 

$

 0.67

 

$

 0.75

 

 

(1) There were no anti-dilutive options for the three or six month periods ended June 30, 2013 and 2012.