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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted EPS for the three months ended March 31:
 
 
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
Net income
 
$
5,967,000
 
$
5,933,000
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
13,160,294
 
 
13,809,130
 
Effect of dilutive common stock equivalents
 
 
87,862
 
 
104,213
 
 
 
 
 
 
 
 
 
Weighted average diluted common shares outstanding
 
 
13,248,156
 
 
13,913,343
 
 
 
 
 
 
 
 
 
EPS:
 
 
 
 
 
 
 
Basic
 
$
0.45
 
$
0.43
 
Diluted
 
$
0.45
 
$
0.43