Earnings Per Common Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Common Share

9. 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,
	2016		2015
Numerator for basic per share calculation:
Income from continuing operations for basic calculation	$	1,604,125	$	1,293,370
Income (loss) from discontinued operations, net of income tax (benefit)		—		(71,354)
Net income for basic calculation	$	1,604,125	$	1,222,016
Numerator for diluted per share calculation:
Income from continuing operations	$	1,604,125	$	1,293,370
Adjustments to income from continuing operations for the impact of dilutive securities		—		—
Income from continuing operations for dilution calculation		1,604,125		1,293,370
Income (loss) from discontinued operations, net of income tax (benefit)		—		(71,354)
Net income for dilution calculation	$	1,604,125	$	1,222,016
Denominator:
Weighted average common shares – basic		11,283,752		11,190,683
Effect of dilutive securities:
RSUs		133,498		155,677
Stock options		308,556		346,204
Weighted average common shares – diluted		11,725,806		11,692,564
Per common share amounts – basic:
Income from continuing operations	$	0.14	$	0.12
Income (loss) from discontinued operations		—		(0.01)
Net income	$	0.14	$	0.11
Per common share amounts – diluted:
Income from continuing operations	$	0.14	$	0.11
Income (loss) from discontinued operations		—		(0.01)
Net income	$	0.14	$	0.10

Potentially dilutive securities include all stock based awards. For the three months ended March 31, 2016 and 2015, only certain equity awards were antidilutive.