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Net Income per Share and Common Stock Dividends
12 Months Ended
Dec. 31, 2012
Net Income per Share and Common Stock Dividends  
Net Income per Share and Common Stock Dividends

(13) Net Income per Share and Common Stock Dividends

 

The following table reflects the numerators (net income) and denominators (average shares outstanding) for the basic and diluted net income per share computations:

 

(In thousands, except per share data)

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Net income, basic and diluted

 

$

25,801

 

$

23,604

 

$

22,953

 

 

 

 

 

 

 

 

 

Average shares outstanding

 

13,875

 

13,786

 

13,689

 

Effect of dilutive securities

 

57

 

48

 

90

 

 

 

 

 

 

 

 

 

Average shares outstanding including dilutive securities

 

13,932

 

13,834

 

13,779

 

 

 

 

 

 

 

 

 

Net income per share, basic

 

$

1.86

 

$

1.71

 

$

1.68

 

 

 

 

 

 

 

 

 

Net income per share, diluted

 

$

1.85

 

$

1.71

 

$

1.67