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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Nine months ended |
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September 30, 2012 |
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September 30, 2011 |
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September 30, 2012 |
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September 30, 2011 |
Numerator: |
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Numerator for basic and diluted income per share - net income |
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$ |
12,267 |
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$ |
12,912 |
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$ |
36,707 |
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$ |
32,750 |
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Denominator (in thousands): |
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Denominator for basic income per share - weighted-average shares |
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29,088 |
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29,237 |
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28,895 |
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29,236 |
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Effect of dilutive stock options and non-vested shares |
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572 |
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315 |
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589 |
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355 |
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Denominator for diluted income per share - adjusted weighted-average shares |
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29,660 |
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29,552 |
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29,484 |
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29,591 |
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Basic net income per share |
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$ |
0.42 |
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$ |
0.44 |
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$ |
1.27 |
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$ |
1.12 |
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Diluted net income per share |
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$ |
0.41 |
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$ |
0.44 |
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$ |
1.24 |
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$ |
1.11 |
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