The following table sets forth the computation of basic and diluted net income per share:
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Three months ended |
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Six months ended |
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June 30, 2012 |
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June 30, 2011 |
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June 30, 2012 |
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June 30, 2011 |
Numerator: |
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Numerator for basic and diluted income per share - net income |
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$ |
14,167 |
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$ |
11,969 |
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$ |
24,440 |
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$ |
19,838 |
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Denominator (in thousands): |
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Denominator for basic income per share - weighted-average shares |
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28,908 |
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29,337 |
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28,800 |
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29,236 |
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Effect of dilutive stock options and non-vested shares |
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537 |
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514 |
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602 |
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382 |
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Denominator for diluted income per share - adjusted weighted-average shares |
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29,445 |
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29,851 |
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29,402 |
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29,618 |
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Basic net income per share |
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$ |
0.49 |
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$ |
0.41 |
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$ |
0.85 |
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$ |
0.68 |
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Diluted net income per share |
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$ |
0.48 |
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$ |
0.40 |
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$ |
0.83 |
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$ |
0.67 |
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