Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Reconciliation of numerator and denominator

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



	Three months ended September 30,
	2015		2014
Numerator:
Net income attributable to common shareholders	$	126,613	$	745,920
Denominator:
Weighted-average shares outstanding – basic	16,604,682		17,544,905
Dilutive effect of other securities	391,694		303,205
Weighted-average shares outstanding – diluted	16,996,376		17,848,110



	Nine months ended September 30,
	2015		2014
Numerator:
Net income attributable to common shareholders	$	580,292	$	1,754,810
Denominator:
Weighted-average shares outstanding – basic	16,811,360		17,730,715
Dilutive effect of other securities	382,494		259,846
Weighted-average shares outstanding – diluted	17,193,854		17,990,561