Earnings Per Common Share And Share Awards (Tables)

6 Months Ended

Jun. 30, 2015

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30:



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Net income attributable to the Company	$	4,120,497	$	3,373,598	$	5,846,621	$	4,360,036
Weighted average common shares outstanding – Basic	2,004,698		2,034,931		2,008,718		2,036,047
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled)	4,797		4,271		5,160		5,221
Weighted average common shares outstanding – Diluted	2,009,495		2,039,202		2,013,878		2,041,268
Basic earnings per common share	$	2.06	$	1.66	$	2.91	$	2.14
Diluted earnings per common share	$	2.05	$	1.65	$	2.90	$	2.14

A summary of share-based award transactions for all share-based award plans follows:



	Number Of Shares		Weighted Average Exercise Price		Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding as of January 1, 2014	19,000		$	45.74	3.43	$	669,610
SARs granted	4,500		68.70
SARs exercised	(1,500	)	49.04
Options exercised	(1,000	)	27.21
Options/SARs canceled/forfeited/expired	—		—
Outstanding as of December 31, 2014	21,000		$	51.30	3.64	$	453,510
SARs granted	4,500		73.00
SARs exercised	(2,000	)	47.88
Options exercised	(1,500	)	36.79
Options/SARs canceled/forfeited/expired	—		—
Outstanding as of June 30, 2015	22,000		$	57.04	4.43	$	316,230
Exercisable as of June 30, 2015	18,625		$	54.15	3.99	$	316,230
Unvested as of June 30, 2015	3,375		$	73.00	6.89	$	—

The weighted average fair values for SARs issued during 2015 and 2014 were estimated using the weighted average assumptions shown in the table below: