XML 14 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 9 Months Ended
Sep. 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 nine months ended September 30, 2012 and 2011:

 

                 
    Three Months Ended September 30,  
    2012     2011  

Numerator:

                

Net income attributable to common shareholders

   $ 1,869,494     $ 1,847,412  
   

 

 

    

 

 

  

Denominator:

                

Weighted-average shares outstanding – basic

     19,432,715       20,327,537  

Dilutive effect of other securities

     238,026       207,110  
   

 

 

    

 

 

  

Weighted-average shares outstanding – diluted

     19,670,741       20,534,647  
   

 

 

    

 

 

  

 

                 
    Nine Months Ended September 30,  
    2012     2011  

Numerator:

                

Net income attributable to common shareholders

   $ 4,036,992     $ 4,746,191  
   

 

 

    

 

 

  

Denominator:

                

Weighted-average shares outstanding – basic

     19,737,216       20,414,593  

Dilutive effect of other securities

     231,835       242,974  
   

 

 

    

 

 

  

Weighted-average shares outstanding – diluted

     19,969,051       20,657,567  
   

 

 

    

 

 

  

As of September 30, 2012 and 2011, restricted stock awards and options to purchase 250,284 and 1,082,309 shares of common stock, respectively, were outstanding but were not included in the computation of diluted EPS because the effect would be antidilutive.