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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 14,352,968 $ 12,402,441 $ 11,373,943
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation on furniture and equipment 330,971 326,529 268,572
Stock-based compensation 3,972,725 2,571,702 1,854,187
(Increase) decrease in accounts receivable (1,600,620) 1,448,901 (4,804,446)
Change in deferred income taxes (1,221,328) (382,227) 1,438,658
Investment gain/loss, net 111,078 167,495 (4,055,840)
Increase in accrued liabilities 6,919,616 8,449,814 7,323,481
Other changes in assets and liabilities (1,110,001) 148,913 3,599,790
Net cash provided by operating activities 21,755,409 25,133,568 16,998,345
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of furniture and equipment (253,082) (62,529) (604,928)
Cost of investments purchased and other portfolio activity (925,507) (1,314,588) (9,149,453)
Proceeds from sale of investments 4,133,000 6,050,000 13,960,937
Net cash provided by investing activities 2,954,411 4,672,883 4,206,556
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for repurchase of common shares (1,072,908)    
Payment of taxes withheld on employee stock transactions (158,988) (146,071) (140,602)
Proceeds from common stock issuance 960,888 920,343 825,959
Payment of dividends (14,971,570) (36,318,391) (26,165,624)
Net cash used in financing activities (15,242,578) (35,544,119) (25,480,267)
CASH AND CASH EQUIVALENTS      
Net change during the year 9,467,242 (5,737,668) (4,275,366)
At beginning of year 5,775,526 11,513,194 15,788,560
At end of year 15,242,768 5,775,526 11,513,194
Supplemental cash flow information:      
Interest paid 0 0 0
Income taxes paid 10,849,000 7,444,300 2,625,900
Supplemental disclosure of non-cash transactions:      
Common stock issued as incentive compensation $ 7,461,984 $ 5,003,146 $ 4,852,216