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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [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 Three Months Ended
June 30,
    For the Six Months Ended
June 30,
 
    2015     2014     2015     2014  

Numerator for basic per share calculation:

       

Income from continuing operations for basic
calculation

   $ 2,928,125          $ 914,538          $ 4,221,495          $ 1,961,518      

Income (loss) from discontinued operations, net of
income tax expense (benefit)

    1,138,434           (92,739)          1,067,080           (470,617)     
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income for basic calculation

   $ 4,066,559          $ 821,799          $ 5,288,575          $ 1,490,901      
 

 

 

   

 

 

   

 

 

   

 

 

 

Numerator for diluted per share calculation:

       

Income from continuing operations

   $ 2,928,125          $ 914,538          $ 4,221,495          $ 1,961,518      

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

    —           —           —           —      
 

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations for dilution
calculation

    2,928,125           914,538           4,221,495           1,961,518      

Income (loss) from discontinued operations, net of
income tax expense (benefit)

    1,138,434           (92,739)          1,067,080           (470,617)     
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income for dilution calculation

   $ 4,066,559          $ 821,799          $ 5,288,575          $ 1,490,901      
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

       

Weighted average common shares – basic

    11,228,905           11,101,665           11,209,900           11,040,530      

Effect of dilutive securities:

       

RSUs

    125,413           124,134           134,028           163,397      

Stock options

    335,565           305,231           340,929           305,562      
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares – diluted

            11,689,883                   11,531,030                   11,684,857                   11,509,489      
 

 

 

   

 

 

   

 

 

   

 

 

 

Per common share amounts – basic:

       

Income from continuing operations

   $ 0.26          $ 0.08          $ 0.38          $ 0.18      

Income (loss) from discontinued operations

    0.10           (0.01)          0.09           (0.04)     
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 0.36          $ 0.07          $ 0.47          $ 0.14      
 

 

 

   

 

 

   

 

 

   

 

 

 

Per common share amounts – diluted:

       

Income from continuing operations

   $ 0.25          $ 0.08          $ 0.36          $ 0.17      

Income (loss) from discontinued operations

    0.10           (0.01)          0.09           (0.04)     
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 0.35          $ 0.07          $ 0.45          $ 0.13