Income Per Share of Common Stock (Tables)

6 Months Ended

Jun. 30, 2013

Income Per Share of Common Stock

Schedule of computation of basic and diluted income per common share

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

	Three Months Ended June 30,			Six Months Ended June 30,
	2013		2012	2013		2012
Numerator:
Income for basic and diluted income per common share	$	4,626	4,060	$	7,382	8,684
Denominator:
Weighted-average shares for basic income per share	5,560		5,550	5,559		5,861
Effect of dilutive securities:
Employee and director stock options (1)	9		9	9		12
Adjusted weighted-average shares and assumed exercises for diluted income per share	5,569		5,559	5,568		5,873
Income per share of common stock:
Basic	$	0.83	0.73	$	1.33	1.48
Diluted	$	0.83	0.73	$	1.33	1.48

(1)  Excludes 9.9 and 10.0 stock options for the 2013 and 2012 periods, respectively, as anti-dilutive because the exercise price exceeded the average per share market price for the periods.