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Note 9 - Basic and Diluted Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Three months ended September 30,								Nine months ended September 30,
		2016				2015				2016				2015
Numerator for basic and diluted earnings per common share:
Net income for the period		$	4,741,279			$	3,159,457			$	13,250,303			$	8,278,395
Denominator for basic and diluted earnings per scommon share:
Basic weighted average number of common shares outstanding			10,432,763				10,984,869				10,549,056				11,057,634
Effect of outstanding stock options			186,242				387,813				187,719				412,023
Diluted weighted average number of shares outstanding			10,619,005				11,372,682				10,736,775				11,469,657
Basic earnings per common share		$	0.45			$	0.29			$	1.26			$	0.75
Diluted earnings per common share		$	0.45			$	0.28			$	1.23			$	0.72

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- References

No definition available.

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