Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Computation of the Company’s basic and diluted net income per share

The computation of the Company's basic and diluted net income per share for the three and nine months ended September 30, 2014 and 2013 was as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(In thousands, except per share data)
Numerator for basic and dilutive income per common share:
Net income	$	18,887		$	18,730		$	58,878		$	53,906
Less: Net income allocated to unvested participating restricted stock	(279		)	(296		)	(927		)	(925		)
Net income available to common stockholders - basic	18,608			18,434			57,951			52,981
Effect of unvested participating restricted stock in two-class calculation	1			1			3			3
Net income available to common stockholders - diluted	$	18,609		$	18,435		$	57,954		$	52,984
Denominator:
Weighted average outstanding shares of common stock - basic	18,703			18,831			18,757			18,898
Dilutive effect of stock options	187			254			207			268
Weighted average outstanding shares of common stock - diluted	18,890			19,085			18,964			19,166
Net income per common share:
Basic	$	0.99		$	0.98		$	3.09		$	2.80
Diluted	$	0.99		$	0.97		$	3.06		$	2.76