Note 2 - Net Income per Common Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 2 – Net Income per Common Share

Basic net income per share is computed based on the weighted-average number of common shares outstanding. Diluted net income per share is computed based on the weighted-average number of common shares outstanding, increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased from the proceeds from issuance of the potentially dilutive shares. Potentially dilutive shares of common stock include stock options, restricted stock units and restricted stock awards granted under stock-based compensation plans and shares committed to be purchased under the employee stock purchase plan.

The table below sets forth the computation of basic and diluted net income per share:

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2014		2013
Net income	$	10,102	$	8,287
Basic - weighted-average shares outstanding:		25,573,851		25,014,907
Effect of dilutive securities:
Employee stock options and other		517,218		630,837
Diluted - weighted-average shares outstanding:		26,091,069		25,645,744
Net income per share:
Basic	$	0.40	$	0.33
Diluted	$	0.39	$	0.32