Net Income Per Common Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

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

	2013	2012	2011
Weighted average common shares outstanding:
Basic	33,588,720	33,597,020	34,584,558
Dilutive effect of stock options and restricted stock	454,705	512,212	158,985
Weighted average common shares outstanding diluted	34,043,425	34,109,232	34,743,543

Options to purchase 123,900, 212,000 and 1,105,229 shares of common stock that were outstanding at December 31, 2013, 2012 and 2011, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options was greater than the average market price of common shares.