Net Income Per Common Share

3 Months Ended

Mar. 31, 2014

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 March 31,
	2014	2013
Weighted average common shares outstanding
Basic	33,518,543	33,504,222
Dilutive effect of stock options and restricted stock	499,932	355,194
Weighted average common shares outstanding diluted	34,018,475	33,859,416

Options to purchase 209,500 and 471,400 shares of common stock that were outstanding at March 31, 2014 and 2013, 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.