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Income Per Common Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Income Per Common Share

NOTE 11 –INCOME PER COMMON SHARE

Basic net income per share is calculated by dividing net income attributable to common stockholders by the weighted average shares outstanding during the period, without consideration for common stock equivalents.

Diluted net income per share is calculated by adjusting weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury stock method. Potential common stock is included in the diluted income per share calculation when dilutive. Diluted income per share was as follows (in thousands, except share and per share data):

 

 

 

For the three months ended September 30,

 

 

For the nine months ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net income attributable to common stockholders - basic

   and diluted

 

$

11,549

 

 

$

9,481

 

 

$

27,355

 

 

$

17,230

 

Weighted average number of common shares outstanding

 

 

31,323,600

 

 

 

31,237,275

 

 

 

31,294,596

 

 

 

31,318,682

 

Dilutive effect of outstanding common stock awards

   after application of the Treasury Stock Method

 

 

54,190

 

 

 

51,334

 

 

 

57,395

 

 

 

24,548

 

Diluted shares outstanding

 

 

31,377,790

 

 

 

31,288,609

 

 

 

31,351,991

 

 

 

31,343,230

 

Basic income per share attributable to common stockholders

 

$

0.37

 

 

$

0.30

 

 

$

0.87

 

 

$

0.55

 

Diluted income per share attributable to common

   stockholders

 

$

0.37

 

 

$

0.30

 

 

$

0.87

 

 

$

0.55