Net Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Net Earnings Per Share

NET EARNINGS PER SHARE

Basic earnings per share is based on the weighted average number of common shares outstanding. Diluted earnings per share is based on the weighted average number of common shares outstanding, as well as dilutive potential common shares which, in the Company’s case, comprise of shares issuable under its equity compensation plans described in Note 9 of the consolidated financial statements. The treasury stock method is used to calculate dilutive shares, which reduces the gross number of dilutive shares by the number of shares purchasable from the proceeds of the options assumed to be exercised and the unrecognized expense related to the restricted stock and restricted stock unit awards assumed to have vested.

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, (in thousands):

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2014		2013		2014		2013
Numerator:
Income from continuing operations	$	6,431	$	7,732	$	4,345	$	4,089
Loss from discontinued operations	—		—		—		(4		)
Net income available to common shareholders	$	6,431	$	7,732	$	4,345	$	4,085
Denominator for basic earnings per share:
Weighted average shares outstanding	31,066		30,925		31,028		30,901
Denominator for diluted earnings per share:
Weighted average shares outstanding	31,066		30,925		31,028		30,901
Common stock options and restricted stock	205		174		207		178
Weighted average shares and conversions	$	31,271	$	31,099	$	31,235	$	31,079