Net Income Per Common Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Net income per common share, as shown on the Condensed Consolidated Statements of Income (unaudited), is determined on the basis of the weighted average number of common shares outstanding during the period as follows:

	Three Months Ended June 30,		Six Months Ended  June 30,
	2013	2012	2013	2012
Weighted average common shares outstanding
Basic	33,559,398	33,595,637	33,529,004	33,525,444
Dilutive effect of stock options and restricted stock	318,554	677,056	368,958	596,042
Weighted average common shares outstanding diluted	33,877,952	34,272,693	33,897,962	34,121,486

Options to purchase 470,000 and 227,000 shares of common stock that were outstanding at June 30, 2013 and 2012, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and their effect on diluted earnings per share would be anti-dilutive.