Earnings Per Share

3 Months Ended

Mar. 31, 2015

The following table reconciles the numerator and denominator used to calculate diluted earnings per share for the three months ended March 31, 2015 and 2014:



	Three months ended March 31,
	2015		2014
Numerator:
Net income attributable to common shareholders	$	46,281	$	286,320
Denominator:
Weighted-average shares outstanding – basic	17,012,852		17,907,848
Dilutive effect of other securities	392,167		253,832
Weighted-average shares outstanding – diluted	17,405,019		18,161,680

As of March 31, 2015 and 2014, restricted stock awards and options to purchase 256,594 and 582,579 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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