Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v2.4.0.6
Net Income Per Share
 9 Months Ended
Sep. 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
 
Nine months ended
 
 
September 30, 2012
 
September 30, 2011
 
September 30, 2012
 
September 30, 2011
Numerator:
 
 
 
 
 
 
 
 
Numerator for basic and diluted income per share - net income
 
$
12,267

 
$
12,912

 
$
36,707

 
$
32,750

Denominator (in thousands):
 
 

 
 

 
 
 
 
Denominator for basic income per share - weighted-average shares
 
29,088

 
29,237

 
28,895

 
29,236

Effect of dilutive stock options and non-vested shares
 
572

 
315

 
589

 
355

Denominator for diluted income per share - adjusted weighted-average shares
 
29,660

 
29,552

 
29,484

 
29,591

Basic net income per share
 
$
0.42

 
$
0.44

 
$
1.27

 
$
1.12

Diluted net income per share
 
$
0.41

 
$
0.44

 
$
1.24

 
$
1.11



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 251,000 and 912,000 at September 30, 2012 and 2011, respectively.