Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share

The following table shows the computation of the numerator and the denominator used to calculate diluted earnings per share for the years ended December 31:



	2015		2014		2013

Numerator:
Net income (loss) attributable to common shareholders	$	731,351	$	2,423,723	$	(2,104,614	)

Denominator:
Weighted-average shares outstanding – basic	16,715,970		17,617,765		18,332,997
Dilutive effect of restricted stock and stock options	378,784		281,867		—
Weighted-average shares outstanding – diluted	17,094,754		17,899,632		18,332,997

The Company's anti-dilutive restricted shares and stock options outstanding were as follows for the years ended December 31:



	2015	2014	2013

Anti-dilutive shares	46,633	194,237	407,954