Income Per Common Share

12 Months Ended

Dec. 31, 2014

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):

Basic income per common share	2014		2013		2012
Net income	$	7,322	$	16,172	$	7,946
Net income allocated to participating securities		(161)		(367)		(180)
Net income allocated to common shareholders	$	7,161	$	15,805	$	7,766
Basic weighted-average common shares outstanding		27,379		26,885		26,967
Basic income per common share	$	0.26	$	0.59	$	0.29
Diluted income per common share	2014		2013		2012
Net income	$	7,322	$	16,172	$	7,946
Net income allocated to participating securities		(158)		(359)		(178)
Net income allocated to common shareholders	$	7,164	$	15,813	$	7,768
Basic weighted-average common shares outstanding		27,379		26,885		26,967
Effect of dilutive options and awardsa		934		813		444
Diluted weighted-average common shares outstanding		28,313		27,698		27,411
Diluted income per common share	$	0.25	$	0.57	$	0.28

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 335,000,  656,000, and 1.7 million, shares for the years ended December 31, 2014,  2013, and 2012, respectively, were excluded from the calculation of diluted weighted-average common shares outstanding.