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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Common Share
10. Earnings Per Common Share

Basic earnings per common share is computed based upon the weighted average number of common shares outstanding during the period. Diluted earnings per common share is based upon the increased number of common shares that would be outstanding assuming the exercise of dilutive common share options and the consideration of restricted stock awards. The following table details the computation of earnings per common share, basic and diluted:

     For the Three Months Ended March 31,  
     2015      2014  

Numerator for basic per share calculation:

      

Income from continuing operations for basic calculation

    $ 1,293,370       $ 1,046,980   

(Loss) from discontinued operations, net of income tax (benefit)

      (71,354 )       (377,878 ) 
  

 

 

     

 

 

  

Net income for basic calculation

    $ 1,222,016       $ 669,102   
  

 

 

     

 

 

  

Numerator for diluted per share calculation:

      

Income from continuing operations

    $ 1,293,370       $ 1,046,980   

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

      —         (12,850 ) 
  

 

 

     

 

 

  

Income from continuing operations for dilution calculation

      1,293,370         1,034,130   

(Loss) from discontinued operations, net of income tax (benefit)

      (71,354 )       (377,878 ) 
  

 

 

     

 

 

  

Net income for dilution calculation

    $ 1,222,016       $ 656,252   
  

 

 

     

 

 

  

Denominator:

      

Weighted average common shares – basic

      11,190,683         10,978,716   

Effect of dilutive securities:

      

RSUs

      155,677         174,938   

Stock options

      346,204         309,676   
  

 

 

     

 

 

  

Weighted average common shares – diluted

              11,692,564                 11,463,330   
  

 

 

     

 

 

  

Per common share amounts – basic:

      

Income from continuing operations

    $ 0.12       $ 0.10   

(Loss) from discontinued operations

      (0.01 )       (0.04 ) 
  

 

 

     

 

 

  

Net income

    $ 0.11       $ 0.06   
  

 

 

     

 

 

  

Per common share amounts – diluted:

      

Income from continuing operations

    $ 0.11       $ 0.09   

(Loss) from discontinued operations

      (0.01 )       (0.03 ) 
  

 

 

     

 

 

  

Net income

    $ 0.10       $ 0.06   
  

 

 

     

 

 

  

Potentially dilutive securities include all stock based awards. For the three months ended March 31, 2015 and 2014, only certain equity awards were antidilutive.