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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Estimated Useful Lives of the Assets

The Company computes depreciation and amortization using the straight-line method over the estimated useful lives of the assets acquired as follows:

	Building and building improvements	10 - 35 years
	Equipment and fixtures	3 - 15 years
	Leasehold Improvements	Lease term
	Vehicles	5 years

Basic and Diluted Earnings Per Share

Earnings per Share - Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of common shares outstanding adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted EPS for the fiscal years ended December 31:

		2014			2013			2012
Numerator:
Income from continuing operations		$	21,029,000		$	27,135,000		$	18,442,000
Loss from discontinued operations			(7,848,000)			(3,166,000)			(2,566,000)
Net income		$	13,181,000		$	23,969,000		$	15,876,000
Denominator:
Weighted average shares of common stock outstanding			12,670,387			13,774,083			13,721,997
Effect of dilutive common stock equivalents			107,890			43,610			17,827
Weighted average shares of common stock outstanding			12,778,277			13,817,693			13,739,824
EPS:
Basic earnings per share
Earnings per share from continuing operations		$	1.66		$	1.97		$	1.34
Loss per share from discontinued operations		$	(0.62)		$	(0.23)		$	(0.18)
Earnings per share		$	1.04		$	1.74		$	1.16
Diluted earnings per share
Earnings per share from continuing operations		$	1.65		$	1.96		$	1.34
Loss per share from discontinued operations		$	(0.62)		$	(0.23)		$	(0.18)
Earnings per share		$	1.03		$	1.73		$	1.16

The calculation of diluted earnings per share excluded 62,713 options outstanding for the year ended December 31, 2014 that could potentially dilute base earnings per share in the future. No options were excluded from the calculation for years ended December 31, 2013 and 2012.

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- Definition

Tabular disclosure of all information related to any significant acquisition and disposal. Disclosure may include methodology and assumptions, type of asset, asset classification, useful life, useful purpose, acquisition cost, method of acquisition or disposal, depreciation method, gain (loss) on disposal pretax and net of tax, date of acquisition or disposal and restrictions on amount of proceeds from donated assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

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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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