Earnings Per Share

9 Months Ended

Sep. 30, 2011

(2) EARNINGS PER SHARE

The following tables reconcile the numerator and denominator used to calculate diluted earnings per share for the three and nine months ended September 30, 2011 and 2010:


	Three Months Ended September 30,
	2011		2010
Numerator:
Net income attributable to common shareholders	$	1,847,412	$	1,008,244

Denominator:
Weighted-average shares outstanding — basic		20,327,537		20,327,867
Dilutive effect of other securities		207,110		475,315

Weighted-average shares outstanding — diluted		20,534,647		20,803,182


	Nine Months Ended September 30,
	2011		2010
Numerator:
Net income attributable to common shareholders	$	4,746,191	$	1,619,126


Denominator:
Weighted-average shares outstanding — basic		20,414,593		20,335,911
Dilutive effect of other securities		242,974		799,851

Weighted-average shares outstanding — diluted		20,657,567		21,135,762

As of September 30, 2011 and 2010, restricted stock awards and options to purchase 1,082,309 and 1,200,017 shares of common stock, respectively, were outstanding but were not included in the computation of diluted EPS because the effect would be antidilutive.