EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Common Share

EARNINGS PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2013 and 2012 (in thousands, except share and per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Numerator
Net income attributable to common stockholders	$	9,242	$	5,226	$	15,310	$	15,554
Denominator
Basic weighted average common shares	37,358,334		37,178,162		37,334,120		37,121,384
Dilutive stock options and restricted stock units	470,239		286,952		443,338		154,629
Diluted weighted average common shares	37,828,573		37,465,114		37,777,458		37,276,013
Net income attributable to common stockholders, per:
Basic common share	$	0.25	$	0.14	$	0.41	$	0.42
Diluted common share	$	0.24	$	0.14	$	0.41	$	0.42

Certain of our outstanding restricted stock units are considered participating securities because dividend payments are not forfeited even if the underlying award does not vest. Accordingly, the Company uses the two-class method when computing basic and diluted earnings per share. During the three months ended September 30, 2013 and 2012, no restricted stock units were considered anti-dilutive. During the nine months ended September 30, 2013, approximately 3,000 restricted stock units were not included because they were anti-dilutive. During the nine months ended September 30, 2012, approximately 5,000 restricted stock units were not included because they were anti-dilutive. During the three and nine months ended September 30, 2012, approximately 31,000 and 89,000 stock options, respectively, were not included because they were anti-dilutive. No stock options were considered anti-dilutive during the three and nine months ended September 30, 2013.