Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v2.4.0.6
Net Income Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:
 
 
Three months ended
 
Six months ended
 
 
June 30, 2012
 
June 30, 2011
 
June 30, 2012
 
June 30, 2011
Numerator:
 
 
 
 
 
 
 
 
Numerator for basic and diluted income per share - net income
 
$
14,167

 
$
11,969

 
$
24,440

 
$
19,838

Denominator (in thousands):
 
 

 
 

 
 
 
 
Denominator for basic income per share - weighted-average shares
 
28,908

 
29,337

 
28,800

 
29,236

Effect of dilutive stock options and non-vested shares
 
537

 
514

 
602

 
382

Denominator for diluted income per share - adjusted weighted-average shares
 
29,445

 
29,851

 
29,402

 
29,618

Basic net income per share
 
$
0.49

 
$
0.41

 
$
0.85

 
$
0.68

Diluted net income per share
 
$
0.48

 
$
0.40

 
$
0.83

 
$
0.67



The number of options and non-vested shares that could potentially dilute net earnings per share in the future, but that were not included in the computation of income per diluted share because to do so would have been anti-dilutive for the periods presented, were approximately 313,000 and 642,000 at June 30, 2012 and 2011, respectively.