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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2015
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:
 
 
 
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