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Net Income Per Share:
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Income Per Share [Text Block]
Net Income Per Share
 
Net income per share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted net income per share is computed by dividing net income by the weighted average number of common shares outstanding plus dilutive securities. Dilutive securities are outstanding common stock options and restricted stock units(excluding stock options with an exercise price in excess of the average market value for the period), less the number of shares that could have been purchased with the proceeds from the exercise of the options, using the treasury stock method. Options that are anti-dilutive because their exercise price exceeded the average market price of the common stock for the period approximated 266,000 and 9,000 for the three months ended June 30, 2014 and June 30, 2013, respectively. Options that are anti-dilutive because their exercise price exceeded the average market price of the common stock for the period approximated 235,000 and 5,000 for the six months ended June 30, 2014 and June 30, 2013, respectively.
 
The following table presents the calculation of net earnings per common share (“EPS”) — basic and diluted.
 
 
Three months ended June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
Net income
$
5,878

 
$
7,367

 
$
12,535

 
$
16,052

Weighted average number of common shares outstanding (for basic calculation)
15,242

 
14,617

 
15,170

 
14,562

Dilutive securities
120

 
599

 
269

 
585

Weighted average common and common equivalent shares outstanding (for diluted calculation)
15,362

 
15,216

 
15,439

 
15,147

EPS — basic
$
0.39

 
$
0.50

 
$
0.83

 
$
1.10

EPS — diluted
$
0.38

 
$
0.48

 
$
0.81

 
$
1.06