SELECTED QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Information [Abstract]

SELECTED QUARTERLY FINANCIAL DATA

NOTE 24       SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected quarterly financial data for the years ended December 31, 2013, 2012 and 2011 are presented in the following table:

	Three Months Ended,
Year ended December 31, 2013	December 31,		September 30,		June 30,		March 31,
Revenue	$	217,333,427	$	219,359,379	$	245,804,613	$	218,229,539
Cost of goods sold		(196,857,791)		(198,261,030)		(222,034,732)		(197,174,187)
Gross profit		20,475,636		21,098,349		23,769,881		21,055,352
Selling expenses		(741,114)		(796,945)		(801,861)		(680,680)
General and administrative expenses		(1,853,646)		(1,807,615)		(2,006,127)		(2,405,784)
Income from operations		17,880,876		18,493,789		20,961,893		17,968,888
Net income	$	13,233,558	$	13,938,895	$	15,675,810	$	13,311,187
Earnings per share
Basic	$	0.44	$	0.47	$	0.53	$	0.45
Diluted	$	0.44	$	0.46	$	0.52	$	0.44

	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