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EARNINGS PER SHARE
9 Months Ended
Sep. 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
  
Three Months Ended
  
Nine Months Ended
  
NIne Months Ended
 
  
September 30, 2014
  
September 30, 2013
  
September 30, 2014
  
September 30, 2013
 
Earnings attributable to common shareholders:
        
From continuing operations
 
5,216
  
$
4,659
  
15,876
  
13,589
 
From discontinued operations
  
-
   
(4,432
)
  
-
   
(4,727
)
   
5,216
   
227
   
15,876
   
8,862
 
Revaluation of redeemable non-controlling interests, net of tax
  
-
   
-
   
(1,086
)
  
-
 
  
5,216
  
227
  
14,790
  
8,862
 
                 
Diluted earnings per share attributable to common shareholders:
                
From continuing operations
 
0.43
  
0.38
  
1.30
  
1.13
 
                 
Basic earnings per share attributable to common shareholders:
                
From continuing operations
  
0.43
   
0.38
   
1.30
   
1.13
 
Charges to additional-paid-in-capital  - revaluation of redeemable non-controlling interests, net of tax
  
-
   
-
   
(0.09
)
  
-
 
From discontinued operations
  
-
   
(0.36
)
  
-
   
(0.39
)
Basic
 
0.43
  
0.02
  
1.21
  
0.74
 
Diluted earnings per share attributable to common shareholders:
                
From continuing operations
  
0.43
   
0.38
   
1.30
   
1.12
 
Charges to additional-paid-in-capital - revaluation of redeemable non-controlling interests, net of tax
  
-
   
-
   
(0.09
)
  
-
 
From discontinued operations
  
-
   
(0.36
)
  
-
   
(0.39
)
Diluted
 
0.43
  
0.02
  
1.21
  
0.73
 
Shares used in computation:
                
Basic earnings per share - weighted-average shares
  
12,244
   
12,106
   
12,201
   
12,050
 
Effect of dilutive securities - stock options
  
3
   
14
   
7
   
19
 
Denominator for diluted earnings per share - adjusted weighted-average shares
  
12,247
   
12,120
   
12,208
   
12,069
 

All options to purchase shares were included in the diluted earnings per share calculation for the three and nine months ended September 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 – Significant Accounting Policies - Non-controlling interests.