Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Earnings per share was calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per-share amounts)	2013		2012		2013		2012
BASIC
Net income	$	8,623	$	6,850	$	17,410	$	13,635
Weighted-average common shares outstanding	15,324		14,984		15,129		14,931
Basic earnings per share	$	0.56	$	0.46	$	1.15	$	0.91
DILUTED
Net income	$	8,623	$	6,850	$	17,410	$	13,635
Weighted-average common shares outstanding for basic	15,324		14,984		15,129		14,931
Dilutive effect of stock options and restricted stock	419		115		333		156
Weighted-average common shares outstanding on a diluted basis	15,743		15,099		15,462		15,087
Diluted earnings per share	$	0.55	$	0.45	$	1.13	$	0.90

The number of stock options and restricted stock awards excluded from the computation of diluted earnings per common share were as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In thousands)	2013	2012	2013	2012
Stock options	7	1,215	488	1,050
Restricted stock awards	—	213	20	179