Net Income per Share
The computation of the Company's basic and diluted net income per share for the three months ended March 31, 2015 and 2014 was as follows: | | | | | | | | | | | | Three Months Ended | | | March 31, | | | 2015 | | 2014 | | (In thousands, except per share data) | Numerator for basic and dilutive income per common share: | | | | | Net income | | $ | 28,412 |
| | $ | 20,824 |
| Less: Net income allocated to unvested participating restricted stock | | (372 | ) | | (343 | ) | Net income available to common stockholders - basic | | 28,040 |
| | 20,481 |
| Effect of unvested participating restricted stock in two-class calculation | | 2 |
| | 2 |
| Net income available to common stockholders - diluted | | $ | 28,042 |
| | $ | 20,483 |
| Denominator: | | | | | Weighted average outstanding shares of common stock - basic | | 18,870 |
| | 18,794 |
| Dilutive effect of stock options | | 149 |
| | 260 |
| Weighted average outstanding shares of common stock - diluted | | 19,019 |
| | 19,054 |
| Net income per common share: | | | | | Basic | | $ | 1.49 |
| | $ | 1.09 |
| Diluted | | $ | 1.47 |
| | $ | 1.08 |
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