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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

The factors used in the earnings per share computation follow:

 

     2013      2012      2011  

Basic

        

Net income attributable to common shares

   $ 17,033,000       $ 11,505,000       $ 36,142,000   
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

     8,710,677         8,625,198         8,602,845   
  

 

 

    

 

 

    

 

 

 

Basic earnings per common share

   $ 1.96       $ 1.33       $ 4.20   
  

 

 

    

 

 

    

 

 

 

Diluted

        

Net income attributable to common shares

   $ 17,033,000       $ 11,505,000       $ 36,142,000   
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding for basic earnings per common share

     8,710,677         8,625,198         8,602,845   

Add: Dilutive effects of share-based awards

     14,031         224,429         275,335   
  

 

 

    

 

 

    

 

 

 

Average shares and dilutive potential common shares

     8,724,708         8,849,627         8,878,180   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per common share

   $ 1.95       $ 1.30       $ 4.07