The computation of the Company’s basic and diluted net income per share was as follows:



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(In thousands, except per share data)
Numerator for basic and dilutive income per common share:
Net income	$	16,937		$	16,938		$	35,176		$	48,282
Less: Net income allocated to unvested participating restricted stock	(298		)	(388		)	(627		)	(1,169		)
Less: Accretion of Series B Convertible Preferred Stock	—			(677		)	—			(1,345		)
Net income available to common stockholders - basic	16,639			15,873			34,549			45,768
Effect of unvested participating restricted stock in two-class calculation	1			5			2			58
Accretion of Series B Convertible Preferred Stock	—			—			—			1,345
Net income available to common stockholders - diluted	$	16,640		$	15,878		$	34,551		$	47,171
Denominator:
Weighted average outstanding shares of common stock - basic	18,953			17,890			18,932			17,786
Dilutive effect of:
Stock options	269			248			275			282
Series B Convertible Preferred Stock	—			—			—			663
Weighted average outstanding shares of common stock - diluted	19,222			18,138			19,207			18,731
Net income per common share:
Basic	$	0.88		$	0.89		$	1.82		$	2.57
Diluted	$	0.87		$	0.88		$	1.80		$	2.52