XML 109 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
SELECTED QUARTERLY FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Information [Abstract]  
Schedule of Quarterly Financial Information

Selected quarterly financial data for the years ended December 31, 2012, 2011 and 2010 are presented in the following table:

 

    Three Months Ended,  
Year ended December 31, 2012   December 31,     September 30,     June 30,     March 31,  
Revenue   $ 254,879,358     $ 238,793,030     $ 191,007,886     $ 169,086,267  
Cost of goods sold     (229,933,412 )     (213,536,628 )     (170,296,852 )     (150,451,275 )
Gross profit     24,945,946       25,256,402       20,711,034       18,634,992  
Selling expenses     (786,331 )     (741,135 )     (740,988 )     (686,006 )
General and administrative expenses     (2,630,168 )     (2,059,027 )     (1,834,465 )     (2,097,834 )
Income from operations     21,529,447       22,456,240       18,135,581       15,851,152  
Net income     15,793,687       17,226,638       13,446,666       11,475,012  
Earnings per share                                
Basic   $ 0.52     $ 0.58     $ 0.45     $ 0.39  
Diluted   $ 0.52     $ 0.58     $ 0.45     $ 0.38  

 

    Three Months Ended  
Year ended December 31, 2011   December 31,     September 30,     June 30,     March 31,  
Revenue   $ 177,579,159     $ 155,570,657     $ 167,012,527     $ 136,931,096  
Cost of goods sold     (157,877,953 )     (136,113,727 )     (147,365,064 )     (120,023,023 )
Gross profit     19,701,206       19,456,930       19,647,463       16,908,073  
Selling expenses     (660,992 )     (633,584 )     (668,366 )     (523,036 )
General and administrative expenses     (2,239,462 )     (1,498,306 )     (1,339,062 )     (1,573,312 )
Income from operations     16,800,752       17,325,040       17,640,035       14,811,725  
Net income     12,727,388       13,528,083       14,366,076       12,511,986  
Earnings per share                                
Basic   $ 0.43     $ 0.45     $ 0.48     $ 0.42  
Diluted   $ 0.43     $ 0.45     $ 0.48     $ 0.41  

 

    Three Months Ended,  
Year ended December 31, 2010   December 31,     September 30,     June 30,     March 31,  
Revenue   $ 135,471,182     $ 96,337,451     $ 75,502,350     $ 63,220,702  
Cost of goods sold     (114,812,441 )     (81,215,627 )     (61,002,044 )     (51,399,418 )
Gross profit     20,658,741       15,121,824       14,500,306       11,821,284  
Selling expenses     (614,817 )     (422,209 )     (570,420 )     (450,877 )
General and administrative expenses     (1,776,457 )     (1,192,225 )     (1,484,893 )     (1,293,603 )
Income from operations     18,267,467       13,507,390       12,444,993       10,076,804  
Net income     9,855,420       9,855,705       9,898,292       8,856,558  
Earnings per share                                
Basic   $ 0.34     $ 0.34     $ 0.35     $ 0.35  
Diluted   $ 0.33     $ 0.33     $ 0.34     $ 0.34