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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Net Income Per Share [Abstract]  
Schedule of earnings per share, basic and diluted
                 
    Three Months Ended
March 31,
 
    2013     2012  
     

Numerator:

               

Net income, as reported

  $ 8,616     $ 5,720  

Less: net income attributable to participating securities

    (138     (87
   

 

 

   

 

 

 

Net income available to common shareholders—basic

  $ 8,478     $ 5,633  
   

 

 

   

 

 

 
     

Denominator:

               

Basic:

               

Weighted-average shares of common stock outstanding

    37,717,140       36,839,767  

Less: weighted-average shares of unvested restricted common stock outstanding

    (614,633     (557,339
   

 

 

   

 

 

 

Weighted-average number of common shares used in computing basic net income per common share

    37,102,507       36,282,428  
   

 

 

   

 

 

 

Net income per share applicable to common shareholders—basic

  $ 0.23     $ 0.16  
   

 

 

   

 

 

 

 

                 
    Three Months Ended
March 31,
 
    2013     2012  
     

Numerator:

               

Net income available to common shareholders—basic

  $ 8,478     $ 5,633  

Add-back: undistributed earnings allocated to unvested shareholders

    103       87  

Less: undistributed earnings reallocated to unvested shareholders

    (100     (84
   

 

 

   

 

 

 

Net income available to common shareholders—diluted

  $ 8,481     $ 5,636  
   

 

 

   

 

 

 
     

Denominator:

               

Diluted:

               

Weighted-average shares of common stock outstanding

    37,717,140       36,839,767  

Less: weighted-average shares of unvested restricted common stock outstanding

    (614,633     (557,339

Weighted-average number of common shares issuable upon exercise of outstanding stock options, based on the treasury stock method

    1,382,015       1,324,619  
   

 

 

   

 

 

 

Weighted-average number of common shares used in computing diluted net income per common share

    38,484,522       37,607,047  
   

 

 

   

 

 

 

Net income per share applicable to common shareholders—diluted

  $ 0.22     $ 0.15  
   

 

 

   

 

 

 
Schedule of anti-dilutive securities excluded from computation of earnings per share
                 
    Three Months Ended
March 31,
 
    2013     2012  

Options

    190,861       1,575,517  

Unvested restricted stock

    67,414       2,063