XML 68 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Details of Computation of Earnings per Common Share, Basic and Diluted

The following table details the computation of earnings per common share, basic and diluted:

 

     For the Years Ended December 31,  
     2013     2012     2011  

Numerator for basic per share calculation:

      

Income from continuing operations for basic calculation

   $ 17,933,431      $ 8,013,330      $ 4,861,385   

(Loss) from discontinued operations, net of income tax expense

     (336,489     (12,296,912     (2,974,958
  

 

 

   

 

 

   

 

 

 

Net income (loss) for basic calculation

   $ 17,596,942      $ (4,283,582   $ 1,886,427   
  

 

 

   

 

 

   

 

 

 

Numerator for diluted per share calculation:

      

Income from continuing operations

   $ 17,933,431      $ 8,013,330      $ 4,861,385   

Adjustments to income from continuing operations for the income statement impact of dilutive securities

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Income from continuing operations for dilution calculation

     17,933,431        8,013,330        4,861,385   

(Loss) from discontinued operations, net of income tax expense

     (336,489     (12,296,912     (2,974,958
  

 

 

   

 

 

   

 

 

 

Net income (loss) for dilution calculation

   $ 17,596,942      $ (4,283,582   $ 1,886,427   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Weighted average common shares – basic

     10,884,533        10,685,333        10,569,805   

Effect of dilutive securities:

      

RSUs

     242,396        305,033        301,956   

Stock options

     269,630        43,716        5,115   
  

 

 

   

 

 

   

 

 

 

Weighted average common shares – diluted

     11,396,559        11,034,082        10,876,876   
  

 

 

   

 

 

   

 

 

 

Per common share amounts – basic:

      

Income from continuing operations

   $ 1.65      $ 0.75      $ 0.46   

(Loss) from discontinued operations

     (0.03     (1.15     (0.28
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ 1.62      $ (0.40   $ 0.18   
  

 

 

   

 

 

   

 

 

 

Per common share amounts – diluted:

      

Income from continuing operations

   $ 1.57      $ 0.73      $ 0.45   

(Loss) from discontinued operations

     (0.03     (1.12     (0.28
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ 1.54      $ (0.39   $ 0.17