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Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

(3) EARNINGS PER SHARE

The following table reconciles the numerator and denominator used to calculate diluted earnings per share for the three and six months ended June 30, 2012 and 2011:

 

                 
    Three Months Ended June 30,  
    2012     2011  

Numerator:

                

Net income attributable to common shareholders

   $ 1,744,290     $ 2,177,619  
   

 

 

    

 

 

  

Denominator:

                

Weighted-average shares outstanding – basic

     19,771,167       20,471,621  

Dilutive effect of other securities

     225,638       190,098  
   

 

 

    

 

 

  

Weighted-average shares outstanding – diluted

     19,996,805       20,661,719  
   

 

 

    

 

 

  

 

                 
    Six Months Ended June 30,  
    2012     2011  

Numerator:

                

Net income attributable to common shareholders

   $ 2,167,498     $ 2,898,779  
   

 

 

    

 

 

  

Denominator:

                

Weighted-average shares outstanding – basic

     19,889,583       20,458,842  

Dilutive effect of other securities

     227,663       260,872  
   

 

 

    

 

 

  

Weighted-average shares outstanding – diluted

     20,117,246       20,719,714  
   

 

 

    

 

 

  

As of June 30, 2012 and 2011, restricted stock awards and options to purchase 271,256 and 1,149,374 shares of common stock, respectively, were outstanding but were not included in the computation of diluted EPS because the effect would be antidilutive.