XML 60 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2012
SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Calculation of Numerator and Denominator in Earnings Per Share
The Company calculates earnings per share ("EPS") in accordance with ASC Topic 260, "Earnings Per Share."  The standard requires presentation of two categories of EPS – basic EPS and diluted EPS.  Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the year. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue Common Stock were exercised or converted into Common Stock or resulted in the issuance of Common Stock that then shared in the earnings of the Company.

   
2010
  
2011
  
2012
 
   
Net Income
  
Weighted
Average
Shares
  
Per
Share
Amount
  
Net Income
  
Weighted
Average
Shares
  
Per
Share
Amount
  
Net Income
  
Weighted
Average
Shares
  
Per
Share
Amount
 
                             
                             
Basic EPS
 $1,443,219   1,857,084  $0.78  $1,615,327   1,853,307  $0.87  $807,264   1,839,149  $0.44 
                                      
Effect of Dilutive Stock Options
  -   58,064   (0.03)  -   56,453   (0.02)  -   9,565     
                                      
Diluted EPS:
 $1,443,219   1,915,148  $0.75  $1,615,327   1,909,760  $0.85  $807,264   1,848,714  $0.44