Earnings per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings per Share

Note 8 — Earnings per share

The Company’s diluted earnings per share give effect to all potential common shares outstanding during a period that do not have an anti-dilutive impact to the calculation. The following summarizes the shares included in the dilutive shares as disclosed in the statements of income:

	Year ended December 31,
	2014		2013		2012
Weighted average number of shares for calculation of basic EPS – Common Stock		35,411,608		33,652,646		28,352,864
Stock options under the 1997, 2006, 2011 and 2013 equity plans		637,723		470,995		509,599
Weighted average number of shares for calculation of diluted EPS – Common Stock		36,049,331		34,123,641		28,862,463

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.

	Year ended December 31,
	2014		2013		2012
Stock options outstanding for the 1997, 2006, 2011 and 2013 equity plans		155,000		550,000		149,000
Series C Convertible Preferred Stock		—		—		1,531,891
		155,000		550,000		1,680,891