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Net Income Per Share
9 Months Ended
Sep. 30, 2013
Net Income Per Share [Abstract]  
Net Income Per Share

11.         NET INCOME PER SHARE

 

Basic net income per share has been computed by dividing net income by the basic number of weighted average shares outstanding.  Diluted net income per share has been computed by dividing net income by the diluted number of weighted average shares outstanding using the treasury stock method.  The share effect is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

September 30,

 

For the Nine Months Ended

September 30,

 

 

2013

 

2012

 

2013

 

2012

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

Common shares

 

22,991,709 

 

24,337,297 

 

23,323,319 

 

25,074,280 

Vested restricted stock units

 

680,926 

 

570,950 

 

666,526 

 

554,754 

Basic number of weighted average shares outstanding

 

23,672,635 

 

24,908,247 

 

23,989,845 

 

25,629,034 

 

 

 

 

 

 

 

 

 

Dilutive effect of stock options

 

27,852 

 

45,509 

 

34,940 

 

50,435 

Dilutive effect of restricted stock and restricted stock units

 

7,556 

 

8,298 

 

22,658 

 

26,678 

Dilutive number of weighted average shares outstanding

 

23,708,043 

 

24,962,054 

 

24,047,443 

 

25,706,147 

 

For the three and nine months ended September 30, 2013 and 2012, there were no stock options, restricted stock or restricted stock units that would have been anti-dilutive.