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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table shows the computation of basic and diluted earnings per share:

 

     For the three months ended  
   March 31,  
     2014      2013  
     (In Thousands, Except Per Share Data)  

Numerator:

     

Net income allocable to common stockholders

   $ 16,911      $ 9,048  
  

 

 

    

 

 

 

Denominator:

     

Denominator for basic earnings per share—weighted average shares

     8,904        8,781  

Effect of dilutive employee stock options and warrants

     224        92  
  

 

 

    

 

 

 

Denominator for diluted earnings per share—adjusted weighted average shares and assumed exercise

     9,128        8,873  
  

 

 

    

 

 

 

Earnings per share:

     

Basic:

     

Net income allocable to common stockholders

   $ 1.90      $ 1.03  
  

 

 

    

 

 

 

Diluted:

     

Net income allocable to common stockholders

   $ 1.85      $ 1.02  
  

 

 

    

 

 

 

Outstanding common stock equivalents having no dilutive effect

     44        265