Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 10 — Earnings per Share

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

	For The Years Ended December 31,
	2014		2013		2012
	(in thousands, except per share amounts)
Numerator for basic and diluted EPS — net income allocated to common stockholders	$	43,388	$	46,682	$	42,092
Denominator for basic EPS — weighted average number of shares	30,354		30,134		30,553
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	4		27		8
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	30,358		30,161		30,561
Earnings per share:
Basic	$	1.43	$	1.55	$	1.38
Diluted	$	1.43	$	1.55	$	1.38

The weighted number of shares and dilutive potential shares for the years ended December 31, 2014, 2013 and 2012 include the conversion of the first tranche of 659,926 shares of Performance Stock to common stock. The first tranche of Performance Stock was included in the weighted number of shares and dilutive potential shares for the year ended December 31, 2012, at the time the performance target was achieved in December 2012. The weighted number of shares and dilutive potential shares for the years ended December 31, 2014, 2013 and 2012 do not include the Performance Stock related to the second tranche, which will be included in the Company's share count at the time the revenue target is achieved. If the revenue target for the second tranche is not achieved, the contingent convertible preferred shares in that tranche will be canceled. Based on the revenues generated since April 1, 2013, we believe it is more likely than not that the revenue target for the second tranche will not be achieved and the remaining Performance Stock will be canceled.