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Net Income per Share
 6 Months Ended
Jun. 30, 2015
Net Income per Share [Abstract]  
Net Income per Share

 

(7)Net Income per Share

 

We compute net income per share using the two-class method, which is an allocation formula that determines net income per share for common stock and participating securities, which for us are our outstanding RSUs.  Outstanding RSUs have been excluded from the calculation of diluted weighted average shares outstanding because the impact would be anti-dilutive.

The following table sets forth the computation of net income per share for the six and three months ended June 30, 2015 and 2014 (in thousands): 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

Three Months Ended June 30,

 

 

 

 

2015

 

 

 

2014

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$
14,444 

 

 

$
6,594 

 

$
6,853 

 

$
3,068 

 

Less earnings allocated to RSUs

 

 
(443)

 

 

 
(263)

 

 
(208)

 

 
(125)

 

Net income allocated to common shareholders

 

$
14,001 

 

 

$
6,331 

 

$
6,645 

 

$
2,943