The following table sets
forth the computation of basic and diluted earnings per share (in
thousands, except per share data):
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Three Months
Ended |
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March 31,
2013 |
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March 31,
2012 |
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Basic:
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Numerator:
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Net Income
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$ |
2,787 |
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$ |
6,779 |
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Less: Distributed
loss/distributed and undistributed income (unvested restricted
stock)
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24 |
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77 |
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Net income attributable to
common shareholders
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$ |
2,763 |
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$ |
6,702 |
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Denominator:
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Denominator for basic
earnings per share-weighted-average shares
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14,455 |
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14,381 |
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Basic earnings per share -
common shareholders
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$ |
0.19 |
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$ |
0.47 |
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Diluted:
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Numerator:
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Net Income
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$ |
2,787 |
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$ |
6,779 |
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Less: Distributed
loss/distributed and undistributed income (unvested restricted
stock)
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24 |
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77 |
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Net income attributable to
common shareholders
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$ |
2,763 |
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$ |
6,702 |
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Denominator:
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Denominator for basic
earnings per share-weighted-average shares
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14,455 |
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14,381 |
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Effect of dilutive
securities:
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Employee stock
options
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6 |
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27 |
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Denominator for dilutive
earnings per share-weighted-average shares
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14,461 |
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14,408 |
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Diluted earnings per share
- common shareholders
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$ |
0.19 |
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$ |
0.47 |
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