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Basic and Diluted Net Income per Common Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Basic and Diluted Net Income per Common Share
Basic and Diluted Net Income per Common Share
 
The Company’s basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. The Company’s diluted net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding plus any incremental shares arising from the dilutive effect of stock-based compensation.
 
The numerators and denominators used in computing basic and diluted net income per common share for the three months ended March 31, 2014 and 2013 can be reconciled as follows (dollars in thousands, except per share data):
 
 
Three months ended  
 March 31,
 
2014
 
2013
Net income
$
943

 
$
1,696

 
 
 
 
Weighted-average shares outstanding - basic
47,233,077

 
47,141,298

Dilutive securities
63,150

 
112,632

Weighted-average shares outstanding - diluted
47,296,227

 
47,253,930

Common stock equivalent shares excluded due to antidilutive effect
106,666

 
32,399

 
 
 
 
Basic and diluted:
 

 
 

Net income per common share
$
0.02

 
$
0.04

Net income per common share (diluted)
$
0.02

 
$
0.04