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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 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 for the three and six months ended June 30 (in thousands, except per share amounts):

 

     Three Months      Six Months  
     Ended June 30,      Ended June 30,  
     2014      2013      2014      2013  

Numerator:

           

Net income

   $ 10,703       $ 6,948       $ 16,952       $ 10,042   

Denominator:

           

Weighted average shares outstanding – basic

     32,481         33,754         32,729         34,073   

Common stock equivalents

     229         105         215         99   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding – diluted

     32,710         33,859         32,944         34,172   

Earnings per share – basic

   $ 0.33       $ 0.21       $ 0.52       $ 0.29   

Earnings per share – diluted

   $ 0.33       $ 0.21       $ 0.51       $ 0.29   

Summary of Cash Dividends Declared

The following summarizes the cash dividends declared for the three and six months ended June 30:

 

     Three Months      Six Months  
     Ended June 30,      Ended June 30,  
     2014      2013      2014      2013  

Dividends declared per share

   $ 0.10       $ —         $ 0.20       $ —