XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.5.0.2

SUBSEQUENT EVENTS | 9 Months Ended
--- | ---
Sep. 30, 2016
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | 19. SUBSEQUENT EVENTS On October 11, 2016, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to increase the number of authorized shares of the Company’s common stock, par value $0.005 per share (“Common Stock”), from 240,000,000 shares to 1,250,000,000 shares. On October 14, 2016, the Company announced that its Board of Directors approved a 3-for-1 stock split of its Common Stock to be effected in the form of a 200% stock dividend. The additional shares will be distributed on November 9, 2016 to stockholders of record at the close of business (Eastern Time) on October 26, 2016. The Company anticipates its common stock to begin trading at the split-adjusted price on November 10, 2016. The following pro-forma earnings per share information has been adjusted retroactively to reflect the stock split:
|  | Three-Months Ended |  | Nine-Months Ended |
|  | September 30, |  | September 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
NET INCOME |  | $ | 191,643 |  | $ | 174,574 |  | $ | 539,738 |  | $ | 407,991 |
NET INCOME PER COMMON SHARE: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.34 |  | $ | 0.28 |  | $ | 0.91 |  | $ | 0.74 |
Diluted |  | $ | 0.33 |  | $ | 0.28 |  | $ | 0.89 |  | $ | 0.72 |
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS: |  |  |  |  |  |  |  |  |
Basic |  | 571,138 |  | 615,153 |  | 594,219 |  | 552,294 |
Diluted |  | 583,293 |  | 624,282 |  | 606,280 |  | 564,393 |

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration