Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The computations of basic and diluted EPS are set forth below:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
	(in thousands, except per share  amounts, unaudited)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	19,873	$	1,797	$	28,165	$	30,902
Denominator for basic EPS — weighted average number of shares	30,046		29,793		30,326		30,095
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	2		13		13		27
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	30,048		29,806		30,339		30,122
Earnings per share:
Basic	$	0.66	$	0.06	$	0.93	$	1.03
Diluted	$	0.66	$	0.06	$	0.93	$	1.03

The weighted number of shares and dilutive potential shares for the three and nine month periods ended September 30, 2014 and 2013 include the conversion of the first tranche of Performance Stock to common stock. The weighted average number of shares and dilutive potential shares for the three and nine month periods ended September 30, 2014 and 2013 do not include the shares of the second tranche, since the revenue target has not been achieved. If the revenue target for the second tranche is achieved, the shares related to that tranche will be included in the Company's share count at the time the revenue target is met. If the revenue target for the second tranche is not achieved, the Performance Stock in that tranche will be canceled.