EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2014

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings per share

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2014			2013			2014			2013
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	19,618		$	13,982		$	31,633		$	5,465
Effect of unvested restricted stock unit awards	(981		)	(585		)	(1,591		)	(243		)
Adjusted net income	$	18,637		$	13,397		$	30,042		$	5,222
Denominator:
Weighted-average shares	26,054,678			25,736,810			25,979,555			25,690,184
Earnings per common share	$	0.72		$	0.52		$	1.16		$	0.20
Diluted
Numerator:
Net income	$	19,618		$	13,982		$	31,633		$	5,465
Effect of unvested restricted stock unit awards	(981		)	(585		)	(1,591		)	(243		)
Adjusted net income	$	18,637		$	13,397		$	30,042		$	5,222
Denominator:
Weighted-average shares	26,054,678			25,736,810			25,979,555			25,690,184
Effect of dilutive securities	—			—			453			—
Adjusted weighted-average shares and assumed conversions	26,054,678			25,736,810			25,980,008			25,690,184
Earnings per common share	$	0.72		$	0.52		$	1.16		$	0.20