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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
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, 2016 and 2015:
 
Three months ended September 30,
 
2016
 
2015
Numerator:
 
 
 
Net income attributable to common shareholders
$
106,166

 
$
126,613

Denominator:
 
 
 
Weighted-average shares outstanding – basic
16,217,442

 
16,604,682

Dilutive effect of other securities
287,126

 
391,694

Weighted-average shares outstanding – diluted
16,504,568

 
16,996,376

 
 
 
 
 
Nine months ended September 30,
 
2016
 
2015
Numerator:
 
 
 
Net income (loss) attributable to common shareholders
$
(194,989
)
 
$
580,292

Denominator:
 
 
 
Weighted-average shares outstanding – basic
16,268,579

 
16,811,360

Dilutive effect of other securities

 
382,494

Weighted-average shares outstanding – diluted
16,268,579

 
17,193,854