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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
5,847,000
 
$
6,619,000
 
$
10,263,000
 
$
13,164,000
 
Income (loss) from discontinued operations
 
 
401,000
 
 
(899,000)
 
 
429,000
 
 
(1,477,000)
 
Net income
 
$
6,248,000
 
$
5,720,000
 
$
10,692,000
 
$
11,687,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
12,069,150
 
 
13,050,346
 
 
12,085,221
 
 
13,111,348
 
Effect of dilutive common stock equivalents
 
 
90,136
 
 
99,068
 
 
90,764
 
 
88,859
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
12,159,286
 
 
13,149,414
 
 
12,175,985
 
 
13,200,207
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.48
 
$
0.50
 
$
0.85
 
$
0.99
 
Earnings (loss) per share from discontinued operations
 
$
0.03
 
$
(0.06)
 
$
0.03
 
$
(0.10)
 
Earnings per share
 
$
0.51
 
$
0.44
 
$
0.88
 
$
0.89
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.48
 
$
0.50
 
$
0.84
 
$
1.00
 
Earnings (loss) per share from discontinued operations
 
$
0.03
 
$
(0.06)
 
$
0.04
 
$
(0.11)
 
Earnings per share
 
$
0.51
 
$
0.44
 
$
0.88
 
$
0.89