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Earnings per Share | 3 Months Ended
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Mar. 31, 2015
Earnings Per Share [Abstract] |
Earnings Per Share |
6. | Earnings per Share
Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of common stock outstanding adjusted for the effect of dilutive common stock equivalents. The following table sets forth the computation of basic and diluted EPS for the three months ended March 31:
|  | Three Months Ended March 31, |
|  | 2015 |  | 2014 |
Numerator: |  |  |  |  |  |  |
Income from continuing operations |  | $ | 4,416,000 |  | $ | 6,545,000 |
Income (loss) from discontinued operations |  |  | 28,000 |  |  | (578,000) |
Net income |  | $ | 4,444,000 |  | $ | 5,967,000 |
Denominator: |  |  |  |  |  |  |
Weighted average shares of common stock outstanding |  |  | 12,108,202 |  |  | 13,160,294 |
Effect of dilutive common stock equivalents |  |  | 88,592 |  |  | 87,862 |
Weighted average shares of common stock outstanding |  |  | 12,196,794 |  |  | 13,248,156 |
EPS: |  |  |  |  |  |  |
Basic earnings per share |  |  |  |  |  |  |
Earnings per share from continuing operations |  | $ | 0.36 |  | $ | 0.49 |
Earnings (loss) per share from discontinued operations |  | $ | 0.00 |  | $ | (0.04) |
Earnings per share |  | $ | 0.36 |  | $ | 0.45 |
Diluted earnings per share |  |  |  |  |  |  |
Earnings per share from continuing operations |  | $ | 0.36 |  | $ | 0.49 |
Earnings (loss) per share from discontinued operations |  | $ | 0.00 |  | $ | (0.04) |
Earnings per share |  | $ | 0.36 |  | $ | 0.45 |
The calculation of diluted earnings per share excluded 79,925 and 59,542 options outstanding for the three months ended March 31, 2015 and 2014, respectively, that could potentially dilute base earnings per share in the future.

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- 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
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