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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2014
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
2. EARNINGS PER SHARE
 
The computations of basic and diluted earnings per share for the Company are as follows (in thousands, except per share data):

 
 
Three Months Ended
  
Six Months Ended
 
 
 
June 30,
  
June 30,
 
 
 
2014
  
2013
  
2014
  
2013
 
Earnings attributable to common shareholders:
 
  
  
  
 
From continuing operations
 
$
6,432
  
$
5,079
  
$
10,660
  
$
8,930
 
From discontinued operations
  
-
   
(165
)
  
-
   
(295
)
 
  
6,432
   
4,914
   
10,660
   
8,635
 
Revaluation of redeemable non-controlling interests, net of tax
  
(119
)
  
-
   
(1,086
)
  
-
 
 
 
$
6,313
  
$
4,914
  
$
9,574
  
$
8,635
 
 
                
Diluted earnings per share attributable to common shareholders:
                
From continuing operations
 
$
0.53
  
$
0.42
  
$
0.87
  
$
0.74
 
 
                
Basic earnings per share attributable to common shareholders:
                
From continuing operations
 
$
0.53
  
$
0.42
  
$
0.88
  
$
0.74
 
Charges to additional-paid-in-capital  - revaluation of redeemable non-controlling interests, net of tax
  
(0.01
)
  
-
   
(0.09
)
  
-
 
From discontinued operations
  
-
   
(0.01
)
  
-
   
(0.02
)
Basic
 
$
0.52
  
$
0.41
  
$
0.79
  
$
0.72
 
Diluted earnings per share attributable to common shareholders:
                
From continuing operations
 
$
0.53
  
$
0.42
  
$
0.87
  
$
0.74
 
Charges to additional-paid-in-capital - revaluation of redeemable non-controlling interests, net of tax
  
(0.01
)
  
-
   
(0.09
)
  
-
 
From discontinued operations
  
-
   
(0.01
)
  
-
   
(0.02
)
Diluted
 
$
0.52
  
$
0.41
  
$
0.78
  
$
0.72
 
Shares used in computation:
                
Basic earnings per share - weighted-average shares
  
12,224
   
12,089
   
12,177
   
12,022
 
Effect of dilutive securities - stock options
  
2
   
21
   
7
   
22
 
Denominator for diluted earnings per share - adjusted weighted-average shares
  
12,226
   
12,110
   
12,184
   
12,044
 

All options to purchase shares were included in the diluted earnings per share calculation for the six months ended June 30, 2014 and 2013 as the average market prices of the common stock was above the exercise prices. The Company’s restricted stock issued is included in basic and diluted shares for the earnings per share computation from the date of grant.

The charges to additional paid-in capital – revaluation of redeemable non-controlling interests, net of tax represent the increase in the fair value of the redeemable non-controlling interest that were deemed probable that the owners would assert the redemption rights. See Note 1 – Basis of Presentation and Significant Accounting Policies – Non-controlling Interests.