Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period.  Diluted net income per share assumes the conversion of all potentially dilutive securities and is calculated by dividing net income by the sum of the weighted average number of shares of common stock outstanding plus all potentially dilutive securities.  Dilutive common shares consist primarily of stock options and restricted stock awards.

	Three months ended
	March 31, 2014		March 31, 2013
	(in thousands, except share and per share data)
Numerator:
Net income	$	9,822	$	7,140
Denominator:
Basic weighted average shares*	36,694,554		36,760,632
Effect of dilutive stock options and restricted stock*	380,906		201,512
Diluted weighted average shares*	37,075,460		36,962,144
Earnings per share:
Basic*	$	0.27	$	0.19
Diluted*	$	0.26	$	0.19
Anti-dilutive shares:
Shares*	13,633		500,138

 *Reflects three-for-two stock split effective July 2, 2013