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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Weighted Average Shares Used in Computation of Basic and Diluted Earnings Per Share
The following table is a reconciliation of the net income and the weighted average shares used in the computation of basic and diluted earnings per share for the periods presented:
 
 
 
For the Three Months
 
For the Nine Months
 
 
 
Ended September 30,
 
Ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Income available to common shareholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
- Basic and diluted
 
$
13,938,895
 
$
17,226,638
 
$
42,925,892
 
$
42,148,316
 
Weighted average number of shares:
 
 
 
 
 
 
 
 
 
 
 
 
 
- Basic
 
 
29,831,336
 
 
29,820,836
 
 
29,825,874
 
 
29,814,300
 
- Effect of dilutive warrants and options
 
 
141,117
 
 
71,158
 
 
146,685
 
 
182,207
 
- Diluted
 
 
29,972,453
 
 
29,891,994
 
 
29,972,559
 
 
29,996,507
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share
 
 
 
 
 
 
 
 
 
 
 
 
 
- Basic
 
$
0.47
 
$
0.58
 
$
1.44
 
$
1.41
 
- Diluted
 
$
0.46
 
$
0.58
 
$
1.43
 
$
1.41