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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 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:
 
 
 
Year ended December 31,
 
 
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common stockholders:
 
 
 
 
 
 
 
 
 
 
- Basic and diluted
 
$
56,159,450
 
$
57,942,003
 
$
53,133,533
 
Weighted average number of shares:
 
 
 
 
 
 
 
 
 
 
- Basic
 
 
29,858,880
 
 
29,815,943
 
 
29,816,871
 
- Effect of dilutive securities - warrants and options
 
 
137,953
 
 
149,868
 
 
259,259
 
- Diluted
 
 
29,996,833
 
 
29,965,811
 
 
30,076,130
 
Net income per share
 
 
 
 
 
 
 
 
 
 
- Basic
 
$
1.88
 
$
1.94
 
$
1.78
 
- Diluted
 
$
1.87
 
$
1.93
 
$
1.77