Earnings Per Share

3 Months Ended

Mar. 31, 2014

The following table reconciles the numerator and denominator used to calculate diluted earnings per share for the three months ended March 31, 2014 and 2013:



	Three months ended March 31,
	2014		2013
Numerator:
Net income attributable to common shareholders	$	286,320	$	854,709
Denominator:
Weighted-average shares outstanding – basic	17,907,848		18,758,383
Dilutive effect of other securities	253,832		166,782
Weighted-average shares outstanding – diluted	18,161,680		18,925,165

As of March 31, 2014 and 2013, restricted stock awards and options to purchase 582,579 and 878,480 shares of common stock, respectively, were outstanding but were not included in the computation of diluted EPS because the effect would be antidilutive.

- Definition

The entire disclosure for earnings per share.

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