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Net Income Per Share
6 Months Ended
Jun. 30, 2014
Net Income Per Share [Abstract]  
Net Income Per Share

(2)     Net Income per Share

 

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data):  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2013

 

2014

 

2013

 

2014

Numerator (basic and diluted):

 

 

 

 

 

 

 

 

 

 

 

Net income

$

3,992 

 

$

4,587 

 

$

8,628 

 

$

11,031 

Denominator (basic):

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

33,473 

 

 

35,117 

 

 

32,853 

 

 

34,975 

Denominator (diluted):

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

33,473 

 

 

35,117 

 

 

32,853 

 

 

34,975 

Dilutive stock options

 

1,574 

 

 

1,223 

 

 

1,595 

 

 

1,348 

Diluted weighted average common shares outstanding

 

35,047 

 

 

36,340 

 

 

34,448 

 

 

36,323 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.12 

 

$

0.13 

 

$

0.26 

 

$

0.32 

Diluted

$

0.11 

 

$

0.13 

 

$

0.25 

 

$

0.30 

 

Diluted net income per share does not include the effect of the following anti-dilutive common equivalent shares (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2013

 

2014

 

2013

 

2014

Stock options outstanding

63 

 

50 

 

41 

 

49