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Earnings per Share
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings per Share

Basic earnings per share are based upon the weighted average common shares outstanding during each period.  Diluted earnings per share is based on the basic weighted earnings per share with additional weighted common shares for common stock equivalents. During the three months and nine months ended September 30, 2013 and September 30, 2012 the Company had shares of restricted stock outstanding related to shares granted under the 2011 Restricted Stock Award Plan. A reconciliation of the numerator (net income) and denominator (weighted average number of shares outstanding of the basic and diluted earnings per share ("EPS")) for the three months and nine months ended September 30, 2013 and September 30, 2012 is as follows (in thousands, except per share data):

 
Three months ended September 30, 2013
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
$
15,868

 
84,837

 
$
0.19

Effect of restricted stock

 
201

 
 
Diluted EPS
$
15,868

 
85,038

 
$
0.19


 
Three months ended September 30, 2012
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
$
12,434

 
85,646

 
$
0.15

Effect of restricted stock

 
279

 
 
Diluted EPS
$
12,434

 
85,925

 
$
0.14


 
Nine months ended September 30, 2013
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
54,740

 
84,799

 
0.65

Effect of restricted stock

 
242

 
 
Diluted EPS
$
54,740

 
85,041

 
$
0.64


 
Nine months ended September 30, 2012
 
Net Income (numerator)
 
Shares (denominator)
 
Per Share Amount
Basic EPS
$
47,249

 
86,189

 
$
0.55

Effect of restricted stock

 
319

 
 
Diluted EPS
$
47,249

 
86,508

 
$
0.55