Income Per Common Share

12 Months Ended

Dec. 31, 2012

Income Per Common Share [Abstract]

Income Per Common Share

17.  Income Per Common Share

The following table sets forth the computation of basic and diluted income per common share (in thousands, except per share data):

	2012		2011		2010
Basic income per common share
Net income	$	7,946	$	7,371	$	3,944
Net income allocated to participating securities		(180)		(149)		(51)
Net income allocated to common shareholders	$	7,766	$	7,222	$	3,893
Basic weighted-average common shares outstanding		26,967		27,441		27,987
Basic income per common share	$	0.29	$	0.26	$	0.14
Diluted income per common share
Net income	$	7,946	$	7,371	$	3,944
Net income allocated to participating securities		(178)		(147)		(50)
Net income allocated to common shareholders	$	7,768	$	7,224	$	3,894
Basic weighted-average common shares outstanding		26,967		27,441		27,987
Effect of dilutive options and awardsa		444		318		287
Diluted weighted-average common shares outstanding		27,411		27,759		28,274
Diluted income per common share	$	0.28	$	0.26	$	0.14

^aThe Company excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares, because the inclusion of these stock options would be antidilutive to income per common share.  Accordingly, stock options to purchase 1.7 million, 2.0 million, and 1.5 million, shares for the years ended December 31, 2012,  2011, and 2010, respectively, were excluded from the calculation of diluted weighted-average common shares outstanding.