XML 63 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
17.
Earnings Per Share
 
Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period.
 
Diluted earnings per share is computed by dividing the net income by the weighted average number of shares of common stock and equivalents (stock options and warrants), unless anti-dilutive, during each period.
 
For the three and twelve months ended December 31, 2014, 185,000 shares were anti-dilutive (not included in the determination of earnings on a diluted basis), all of which were represented by options. For the three and twelve months ended December 31, 2013, 84,783 shares were anti-dilutive, all of which were represented by options.
 
Consolidated Earnings per Share
 
 
 
Year Ended December 31,
 
 
 
2014
 
2013
 
Basic
 
 
 
 
 
 
 
Average shares outstanding:
 
 
 
 
 
 
 
Weighted average number of shares outstanding during the period
 
 
3,288,332
 
 
3,248,646
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
Net income attributable to CTI Industries Corporation
 
$
514,318
 
$
375,509
 
 
 
 
 
 
 
 
 
Amount for per share Computation
 
$
514,318
 
$
375,509
 
 
 
 
 
 
 
 
 
Net earnings applicable to Common Shares
 
$
0.16
 
$
0.12
 
 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
Average shares outstanding:
 
 
3,288,332
 
 
3,248,646
 
Weighted averages shares Outstanding Common stock equivalents (options, warrants)
 
 
151,095
 
 
156,158
 
 
 
 
 
 
 
 
 
Weighted average number of shares outstanding during the period
 
 
3,439,427
 
 
3,404,804
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
Net income attributable to CTI Industries Corporation
 
$
514,318
 
$
375,509
 
 
 
 
 
 
 
 
 
Amount for per share computation
 
$
514,318
 
$
375,509
 
 
 
 
 
 
 
 
 
Net income applicable to Common Shares
 
$
0.15
 
$
0.11