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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
 
 
(In thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
4,777
 
$
4,804
 
$
7,216
 
$
7,753
 
Less: Net income allocated to unvested participating securities
 
 
41
 
 
 
 
62
 
 
 
Net income available to common stockholders
 
$
4,736
 
$
4,804
 
$
7,154
 
$
7,753
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share — weighted average shares
 
 
5,699
 
 
5,683
 
 
5,695
 
 
5,677
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
55
 
 
62
 
 
60
 
 
63
 
Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions
 
 
5,754
 
 
5,745
 
 
5,755
 
 
5,740
 
Basic earnings per share:
 
$
0.83
 
$
0.85
 
$
1.26
 
$
1.37
 
Diluted earnings per share:
 
$
0.82
 
$
0.84
 
$
1.24
 
$
1.35