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Income Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The table below sets forth the computation of basic and diluted net income per share:

 

     Three Months Ended September 30,     Nine Months Ended September 30,  
     2013     2012     2013     2012  
     (in thousands, except per share amounts)  

Basic net income available to common shareholders:

        

Net income available to common shareholders from continuing operations

   $ 3,434      $ 2,865      $ 8,670      $ 5,719   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net income available to common shareholders from continuing operations

   $ 3,434      $ 2,865      $ 8,670      $ 5,719   
  

 

 

   

 

 

   

 

 

   

 

 

 

Shares:

        

Basic weighted average number of common shares outstanding

     4,134        4,121        4,144        4,375   

Common shares assumed upon exercise of stock options

     50        12        46        15   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average number of common shares outstanding

     4,184        4,133        4,190        4,390   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic net income (loss) per common share:

        

Income from continuing operations

   $ 0.83      $ 0.69      $ 2.09      $ 1.31   

(Loss) from discontinued operations (net of tax)

     (0.07     (0.11     (0.18     (0.21
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 0.76      $ 0.58      $ 1.91      $ 1.10   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net income (loss) per common share:

        

Income from continuing operations

   $ 0.82      $ 0.69      $ 2.07      $ 1.30   

(Loss) from discontinued operations (net of tax)

     (0.07     (0.11     (0.18     (0.20
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 0.75      $ 0.58      $ 1.89      $ 1.10