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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2016
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
September 30,
 
Nine Months Ended
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
(In thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
5,414
 
$
3,112
 
$
13,249
 
$
9,717
 
Less: Net income allocated to unvested participating securities
 
 
99
 
 
46
 
 
244
 
 
144
 
Net income available to common stockholders
 
$
5,315
 
$
3,066
 
$
13,005
 
$
9,573
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share — weighted average shares
 
 
5,764
 
 
5,724
 
 
5,762
 
 
5,708
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
9
 
 
28
 
 
9
 
 
41
 
Denominator for diluted earnings per share — adjusted weighted average shares and assumed conversions
 
 
5,755
 
 
5,752
 
 
5,753
 
 
5,749
 
Basic earnings per share:
 
$
.92
 
$
.54
 
$
2.26
 
$
1.68
 
Diluted earnings per share:
 
$
.92
 
$
.53
 
$
2.26
 
$
1.67