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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted EPS:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
5,402,000
 
$
5,281,000
 
$
15,665,000
 
$
18,445,000
 
Income (loss) from discontinued operations
 
 
104,000
 
 
(426,000)
 
 
533,000
 
 
(1,903,000)
 
Net income
 
$
5,506,000
 
$
4,855,000
 
$
16,198,000
 
$
16,542,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
11,922,690
 
 
12,457,438
 
 
12,028,205
 
 
12,877,297
 
Effect of dilutive common stock equivalents
 
 
97,156
 
 
111,949
 
 
93,580
 
 
98,374
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
12,019,846
 
 
12,569,387
 
 
12,121,785
 
 
12,975,671
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.45
 
$
0.42
 
$
1.30
 
$
1.43
 
Earnings (loss) per share from discontinued operations
 
$
0.01
 
$
(0.03)
 
$
0.05
 
$
(0.15)
 
Earnings per share
 
$
0.46
 
$
0.39
 
$
1.35
 
$
1.28
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.45
 
$
0.42
 
$
1.29
 
$
1.42
 
Earnings (loss) per share from discontinued operations
 
$
0.01
 
$
(0.03)
 
$
0.05
 
$
(0.15)
 
Earnings per share
 
$
0.46
 
$
0.39
 
$
1.34
 
$
1.27