Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2015

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 months ended March 31, 2015 and 2014 was as follows:

		Three Months Ended
		March 31,
		2015			2014
	(In thousands, except per share data)
Numerator for basic and dilutive income per common share:
Net income		$	28,412		$	20,824
Less: Net income allocated to unvested participating restricted stock		(372		)	(343		)
Net income available to common stockholders - basic		28,040			20,481
Effect of unvested participating restricted stock in two-class calculation		2			2
Net income available to common stockholders - diluted		$	28,042		$	20,483
Denominator:
Weighted average outstanding shares of common stock - basic		18,870			18,794
Dilutive effect of stock options		149			260
Weighted average outstanding shares of common stock - diluted		19,019			19,054
Net income per common share:
Basic		$	1.49		$	1.09
Diluted		$	1.47		$	1.08