XML 39 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings per Share | 6 Months Ended
--- | ---
Jun. 30, 2014
Earnings per Share | Note 4 – Earnings per Share Basic earnings per common share are computed by dividing net income by the weighted average number of shares of stock outstanding during the period. The Company’s diluted earnings per share give effect to all potential common shares outstanding during a period that do not have an anti-dilutive impact to the calculation. In computing the diluted earnings per share, the treasury stock method is used in determining the number of shares assumed to be purchased from the conversion of Common Stock equivalents. The following summarizes the common shares included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Weighted average number of shares for calculation of basic EPS – Common Stock |  | 35,360,957 |  |  |  | 32,658,311 |  |  |  | 35,213,135 |  |  |  | 33,698,083 |
Stock option under the 2006, 2011 and 2013 Equity Incentive Plans |  | 732,643 |  |  |  | 508,917 |  |  |  | 628,093 |  |  |  | 445,175 |
Weighted average number of shares for calculation of diluted EPS |  | 36,093,600 |  |  |  | 33,167,228 |  |  |  | 35,841,228 |  |  |  | 34,143,258 |
The accompanying table represents Common Stock issuable upon the exercise of certain stock options and Series C Convertible Preferred Stock that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive. There were no issued and outstanding Series C Convertible Preferred Stock during the three and six months ended June 30, 2014.
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Stock options outstanding under the 2006, 2011 and 2013 Equity Incentive Plans |  | — |  |  |  | 58,000 |  |  |  | — |  |  |  | 58,000 |
Series C Convertible Preferred Stock |  | — |  |  |  | 444,953 |  |  |  | — |  |  |  | 444,953 |
|  | — |  |  |  | 502,953 |  |  |  | — |  |  |  | 502,953 |

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration