Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

 v2.3.0.11
Net Income Per Share
 6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Net Income Per Share
7.
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,
  
June 30,
  
June 30,
  
June 30,
 
2011
  
2010
  
2011
  
2010
Numerator:
              
Numerator for basic and diluted income per share - net income
 $ 11,969   $ 7,912   $ 19,838   $ 11,331
                       
Denominator (in thousands):
                      
Denominator for basic income per share - weighted-average shares
   29,337     28,973     29,236     28,962
Effect of dilutive stock options and non-vested shares
   514     146     382     131
Denominator for diluted income per share - adjusted weighted-average shares
   29,851     29,119     29,618     29,093
Basic net income per share
 $ 0.41   $ 0.27   $ 0.68   $ 0.39
Diluted net income per share
 $ 0.40   $ 0.27   $ 0.67   $ 0.39
 
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 642 and 2,659 at June 30, 2011 and 2010, respectively.