XML 47 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2014
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 and restricted stock units are considered dilutive. The following table sets forth the computation for basic and diluted EPS and reconciliation between basic and diluted shares outstanding:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Net income | $ | 6,928,034 |  |  | $ | 4,711,545 |  |  | $ | 12,677,633 |  |  | $ | 10,042,277 |
Weighted average number of outstanding shares - Basic | 3,198,231 |  |  | 3,248,197 |  |  | 3,182,175 |  |  | 3,222,977 |
Dilutive impact of restricted stock grants with forfeitable rights to dividends | 66,623 |  |  | — |  |  | 69,944 |  |  | — |
Dilutive impact of restricted stock units | 3,442 |  |  | — |  |  | 2,553 |  |  | — |
Weighted average number of outstanding shares - Diluted | 3,268,296 |  |  | 3,248,197 |  |  | 3,254,672 |  |  | 3,222,977 |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 2.17 |  |  | $ | 1.45 |  |  | $ | 3.98 |  |  | $ | 3.12 |
Diluted | $ | 2.12 |  |  | $ | 1.45 |  |  | $ | 3.90 |  |  | $ | 3.12 |

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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