Earnings Per Share

9 Months Ended

Sep. 30, 2013

2. EARNINGS PER SHARE

The following table shows the computation of basic and diluted earnings per share:


	For the three months ended September 30,				For the nine months ended September 30,
	2013		2012		2013		2012
	(In Thousands, Except Per Share Data)
Numerator:
Net income allocable to common stockholders	$	13,828	$	9,286	$	33,175	$	21,676

Denominator:
Denominator for basic earnings per share—weighted average shares		8,828		8,712		8,804		8,702
Effect of dilutive employee stock options and warrants		148		83		106		77

Denominator for diluted earnings per share – adjusted weighted average shares and assumed exercise		8,976		8,795		8,910		8,779

Earnings per share:
Basic:
Net income allocable to common stockholders	$	1.57	$	1.07	$	3.77	$	2.49

Diluted:
Net income allocable to common stockholders	$	1.54	$	1.06	$	3.72	$	2.47

Outstanding common stock equivalents having no dilutive effect		402		338		557		361

The entire disclosure for earnings per share.