| EARNINGS PER SHARE |
NOTE 16 – EARNINGS PER SHARE
The factors used in the earnings per share computation follow:
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2013 |
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2012 |
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2011 |
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Basic
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Net income attributable to common shares
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$ |
17,033,000 |
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$ |
11,505,000 |
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$ |
36,142,000 |
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Weighted average common shares outstanding
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8,710,677 |
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8,625,198 |
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8,602,845 |
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Basic earnings per common share
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$ |
1.96 |
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$ |
1.33 |
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$ |
4.20 |
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Diluted
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Net income attributable to common shares
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$ |
17,033,000 |
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$ |
11,505,000 |
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$ |
36,142,000 |
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Weighted average common shares outstanding for basic earnings per
common share
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8,710,677 |
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8,625,198 |
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8,602,845 |
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Add: Dilutive effects of share-based awards
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14,031 |
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224,429 |
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275,335 |
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Average shares and dilutive potential common shares
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8,724,708 |
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8,849,627 |
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8,878,180 |
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Diluted earnings per common share
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$ |
1.95 |
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$ |
1.30 |
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$ |
4.07 |
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Stock options for approximately 55,000, 132,000 and 167, 000 shares
of common stock were antidilutive and were not included in
determining dilutive earnings per share in 2013, 2012, and 2011,
respectively.
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