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Earnings Per Common Share And Share Awards (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31:
 
Three months ended March 31,
 
2014
 
2013
Net income attributable to the Company
$
986,438

 
$
3,376,730

Weighted average common shares outstanding – Basic
2,037,164

 
2,044,801

Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled)
6,595

 
39,198

Weighted average common shares outstanding – Diluted
2,043,759

 
2,083,999

Basic earnings per common share
$
0.48

 
$
1.65

Diluted earnings per common share
$
0.48

 
$
1.62

Summary Of Share-Based Award Transactions
A summary of share-based award transactions for all share-based award plans follows:
 
Number
Of Shares
 
Weighted
Average
Exercise
Price
 
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of January 1, 2013
98,150

 
$
30.74

 
3.17
 
$
2,871,710

SARs granted
3,000

 
71.59

 
 
 
 

SARs exercised
(79,500
)
 
28.77

 
 
 
 

Options exercised
(2,650
)
 
28.63

 
 
 
 

Options/SARs canceled/forfeited/expired

 

 
 
 
 

Outstanding as of December 31, 2013
19,000

 
$
45.74

 
3.43
 
$
669,610

SARs granted

 

 
 
 
 

SARs exercised
(500
)
 
49.04

 
 
 
 

Options exercised

 

 
 
 
 

Options/SARs canceled/forfeited/expired

 

 
 
 
 

Outstanding as of March 31, 2014
18,500

 
$
45.65

 
3.27
 
$
559,660

 
 
 
 
 
 
 
 
Exercisable as of March 31, 2014
18,500

 
$
45.65

 
3.27
 
$
559,660