Income Per Common Share

3 Months Ended

Mar. 31, 2013

Income Per Common Share [Abstract]

Income Per Common Share

15.  Income Per Common Share 

The following table sets forth the computation of basic and diluted income per common share (in thousands, except per share data): 

	Three Months Ended
	March 31,
Basic income per common share	2013		2012
Net income	$	2,192	$	991
Net income allocated to participating securities		(50)		(21)
Net income allocated to common shareholders	$	2,142	$	970
Basic weighted-average common shares outstanding		26,861		27,180
Basic income per common share	$	0.08	$	0.04
	Three Months Ended
	March 31,
Diluted income per common share	2013		2012
Net income	$	2,192	$	991
Net income allocated to participating securities		(50)		(21)
Net income allocated to common shareholders	$	2,142	$	970
Basic weighted-average common shares outstanding		26,861		27,180
Effect of dilutive stock options and awardsa		627		350
Diluted weighted-average common shares outstanding		27,488		27,530
Diluted income per common share	$	0.08	$	0.04

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^aThe Company excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to income per common share.  Accordingly, stock options to purchase a weighted-average 1.2 million shares and 1.8 million shares for the three months ended March 31, 2013 and 2012, respectively, were excluded from the calculation of diluted weighted-average common shares outstanding.