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NET INCOME PER SHARE (Tables)
3 Months Ended
Mar. 31, 2013
NET INCOME PER SHARE  
Schedule of computation of basic and diluted net income per share

 

 

 

 

Three Months Ended March 31, 2013

 

Three Months Ended March 31, 2012

 

 

 

Net Income
(Numerator)

 

Weighted
Average
Common
Shares
Outstanding
(Denominator)

 

Per Share
Amount

 

Net Income
(Numerator)

 

Weighted
Average
Common
Shares
Outstanding
(Denominator)

 

Per Share
Amount

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

3,937

 

 

 

 

 

$

2,039

 

 

 

 

 

Less: amounts allocated to nonvested shares

 

(39

)

 

 

 

 

(6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income available to common stockholders

 

3,898

 

35,600

 

$

0.11

 

2,033

 

35,478

 

$

0.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

947

 

 

 

 

969

 

 

 

Add back: amounts allocated to nonvested shares

 

39

 

 

 

 

 

6

 

 

 

 

Less: amounts re-allocated to nonvested shares

 

(39

)

 

 

 

 

(6

)

 

 

 

Diluted net income available to common stockholders

 

$

3,898

 

36,547

 

$

0.11

 

$

2,033

 

36,447

 

$

0.06