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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 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:
 
 
 
 
 
Nine Months Ended
 
 
 
Three Months Ended September 30,
 
September 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
 
 
(In thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
3,245
 
$
4,296
 
$
10,461
 
$
12,049
 
Less: Net income allocated to unvested participating securities
 
 
28
 
 
 
 
91
 
 
 
Net income available to common stockholders
 
$
3,217
 
$
4,296
 
$
10,370
 
$
12,049
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share — weighted average shares
 
 
5,699
 
 
5,686
 
 
5,696
 
 
5,679
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
43
 
 
68
 
 
55
 
 
65
 
Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions
 
 
5,742
 
 
5,754
 
 
5,751
 
 
5,744
 
Basic earnings per share:
 
$
.56
 
$
.76
 
$
1.82
 
$
2.12
 
Diluted earnings per share:
 
$
.56
 
$
.75
 
$
1.80
 
$
2.10