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Earnings Per Share (Notes)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The Company’s common shares outstanding consist of all shares issued and outstanding, including unvested restricted shares.  Basic and diluted EPS are calculated under the two-class method.  Pursuant to the two-class method, the Company’s unvested restricted stock grants with nonforfeitable rights to dividends are considered participating securities.  Dividends are paid on all common shares outstanding at the same rate.  Accordingly, the Company has evaluated the impact of earnings per share of all participating securities under the two-class method, noting no impact on earnings per share.  Restricted stock grants with forfeitable rights to dividends are considered dilutive. The following table sets forth the computation for basic and diluted earnings per share (“EPS”):
 
 
Year Ended December 31,
 
2013
 
2012
 
2011
Net income
$
22,154,828

 
$
16,930,892

 
$
14,352,968

Weighted average number of outstanding shares
 
 
 
 
 
Basic
3,142,083

 
3,111,328

 
2,951,751

Diluted
3,194,263

 
3,111,328

 
2,951,751

Earnings per share
 
 
 
 
 
Basic
$
7.05

 
5.44

 
4.86

Diluted
$
6.94

 
5.44

 
4.86