Common Stock and Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Summary of Common Stock and Earnings Per Share

Basic earnings per common share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is based on the assumption of the conversion of stock options and vesting of restricted stock at the beginning of each period using the treasury stock method at average cost for the periods.

		Three Months Ended				Nine Months Ended
	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Income Available to Common Shareholders:
Net Income Attributable to Consolidated-Tomoka Land Co.	$	8,161,014	$	2,079,871	$	11,156,175	$	2,657,844
Weighted Average Shares Outstanding		5,662,933		5,802,363		5,700,316		5,817,184
Common Shares Applicable to Stock
Options Using the Treasury Stock Method		4,009		15,315		9,920		27,290
Total Shares Applicable to Diluted Earnings Per Share		5,666,942		5,817,678		5,710,236		5,844,474
Basic
Net Income Attributable to Consolidated-Tomoka Land Co.	$	1.44	$	0.36	$	1.96	$	0.46
Diluted
Net Income Attributable to Consolidated-Tomoka Land Co.	$	1.44	$	0.36	$	1.95	$	0.45
Per Share Information: