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NET INCOME PER SHARE (Tables)
6 Months Ended
Jun. 30, 2013
NET INCOME PER SHARE  
Schedule of computation of basic and diluted net income per share

 

 

 

Three Months Ended June 30, 2013

 

Six Months Ended June 30, 2013

 

                                                                          

 

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

 

$

2,842

 

 

 

 

 

$

6,779

 

 

 

 

 

Less: amounts allocated to nonvested shares

 

(28

)

 

 

 

 

(67

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income available to common stockholders

 

2,814

 

35,933

 

$

0.08

 

6,712

 

35,765

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

937

 

 

 

Stock options

 

—

 

926

 

 

 

—

 

 

 

 

 

Add back: amounts allocated to nonvested shares

 

28

 

—

 

 

 

67

 

—

 

 

 

Less: amounts re-allocated to nonvested shares

 

(28

)

—

 

 

 

(67

)

—

 

 

 

Diluted net income available to common stockholders

 

$

2,814

 

36,859

 

$

0.08

 

$

6,712

 

36,702

 

$

0.18

 

 

 

 

 

 

Three Months Ended June 30, 2012

 

Six Months Ended June 30, 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

 

$

5,157

 

 

 

 

 

$

7,196

 

 

 

 

 

Less: amounts allocated to nonvested shares

 

(62

)

 

 

 

 

(76

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income available to common stockholders

 

5,095

 

35,599

 

$

0.14

 

7,120

 

35,539

 

$

0.20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

—

 

889

 

 

 

—

 

929

 

 

 

Add back: amounts allocated to nonvested shares

 

62

 

—

 

 

 

76

 

—

 

 

 

Less: amounts re-allocated to nonvested shares

 

(62

)

—

 

 

 

(76

)

—

 

 

 

Diluted net income available to common stockholders

 

$

5,095

 

36,488

 

$

0.14

 

$

7,120

 

36,468

 

$

0.20