Earnings Per Share

6 Months Ended

Jun. 30, 2015

The following table reconciles the numerator and denominator used to calculate diluted earnings per share for the three and six months ended June 30, 2015 and 2014:



	Three months ended June 30,
	2015		2014
Numerator:
Net income attributable to common shareholders	$	405,998	$	722,570
Denominator:
Weighted-average shares outstanding – basic	16,820,725		17,743,395
Dilutive effect of other securities	363,620		282,518
Weighted-average shares outstanding – diluted	17,184,345		18,025,913



	Six months ended June 30,
	2015		2014
Numerator:
Net income attributable to common shareholders	$	452,279	$	1,008,890
Denominator:
Weighted-average shares outstanding – basic	16,916,193		17,825,174
Dilutive effect of other securities	377,894		268,217
Weighted-average shares outstanding – diluted	17,294,087		18,093,391

As of June 30, 2015 and 2014, restricted stock awards and options to purchase 53,968 and 188,814 shares of common stock, respectively, were outstanding but were not included in the computation of diluted earnings per share because the effect would be antidilutive.