Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2014

Basic and Diluted Shares of Consolidated Condensed Statements of Income

The following summarizes the common shares included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Weighted average number of shares for calculation of basic EPS – Common Stock		35,360,957		32,658,311		35,213,135		33,698,083
Stock option under the 2006, 2011 and 2013 Equity Incentive Plans		732,643		508,917		628,093		445,175
Weighted average number of shares for calculation of diluted EPS		36,093,600		33,167,228		35,841,228		34,143,258

Common Stock Issuable upon Exercise of Certain Stock Options

The accompanying table represents Common Stock issuable upon the exercise of certain stock options and Series C Convertible Preferred Stock that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive. There were no issued and outstanding Series C Convertible Preferred Stock during the three and six months ended June 30, 2014.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Stock options outstanding under the 2006, 2011 and 2013 Equity Incentive Plans		—		58,000		—		58,000
Series C Convertible Preferred Stock		—		444,953		—		444,953
		—		502,953		—		502,953