Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

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Net Income Per Share
 3 Months Ended
Mar. 31, 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
 
 
March 31, 2012
 
March 31, 2011
Numerator:
 
 
 
 
Numerator for basic and diluted income per share - net income
 
$
10,273

 
$
7,869

Denominator (in thousands):
 
 

 
 

Denominator for basic income per share - weighted-average shares
 
28,692

 
29,135

Effect of dilutive stock options and non-vested shares
 
671

 
236

Denominator for diluted income per share - adjusted weighted-average shares
 
29,363

 
29,371

Basic net income per share
 
$
0.36

 
$
0.27

Diluted net income per share
 
$
0.35

 
$
0.27




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 264,000 and 2,059,000 at March 31, 2012 and 2011, respectively.