XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CONSOLIDATED STATEMENTS OF INCOME [Abstract]      
REVENUE: $ 62,354,189 $ 63,120,607 $ 63,992,633
DIRECT EXPENSES:      
Clinical salaries and benefits 35,402,831 35,647,158 36,261,034
Dental supplies 2,693,604 2,742,398 2,778,532
Laboratory fees 3,133,481 2,863,431 2,817,198
Occupancy 5,549,650 5,390,982 5,235,709
Advertising and marketing 2,018,264 2,666,930 1,341,002
Depreciation and amortization 2,838,582 2,505,957 2,432,427
General and administrative 4,934,926 5,705,741 5,547,121
Total Direct Expenses 56,571,338 57,522,597 56,413,023
Contribution from dental offices 5,782,851 5,598,010 7,579,610
CORPORATE EXPENSES:      
General and administrative 4,207,681 [1] 3,544,074 [1] 4,366,767 [1]
Depreciation and amortization 161,693 122,217 79,061
OPERATING INCOME 1,413,477 1,931,719 3,133,782
OTHER INCOME (EXPENSE):      
Change in fair value of contingent liabilities 0 830,000 0
Interest (expense), net (104,147) (80,920) (155,170)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,309,330 2,680,799 2,978,612
Income tax expense 502,066 1,065,472 1,230,903
INCOME FROM CONTINUING OPERATIONS 807,264 1,615,327 1,747,709
DISCONTINUED OPERATIONS (Note 13):      
Operating (loss) attributable to assets disposed of 0 0 (250,125)
(Loss) recognized on dispositions 0 0 (268,598)
Income tax benefit 0 0 214,233
LOSS ON DISCONTINUED OPERATIONS 0 0 (304,490)
NET INCOME 807,264 1,615,327 1,443,219
Net income per share of Common Stock - Basic      
Continuing Operations (in dollars per share) $ 0.44 $ 0.87 $ 0.94
Discontinued Operations (in dollars per share) $ 0 $ 0 $ (0.16)
Net income per share of Common Stock - Basic (in dollars per share) $ 0.44 $ 0.87 $ 0.78
Net income per share of Common Stock - Diluted      
Continuing Operations (in dollars per share) $ 0.44 $ 0.85 $ 0.91
Discontinued Operations (in dollars per share) $ 0 $ 0 $ (0.16)
Net income per share of Common Stock - Diluted (in dollars per share) $ 0.44 $ 0.85 $ 0.75
Cash dividends per share of Common Stock (in dollars per share) $ 0.88 $ 0.86 $ 0.80
Weighted average number of shares of Common Stock and dilutive securities:      
Basic (in shares) 1,839,149 1,853,307 1,857,084
Diluted (in shares) 1,848,714 1,909,760 1,915,148
Allocation of Recognized Period Costs [Line Items]      
Stock based compensation expense 600,936 335,076 835,736
General and Administrative Expenses [Member]
     
Allocation of Recognized Period Costs [Line Items]      
Stock based compensation expense $ 600,936 $ 335,076 $ 585,816
[1] Corporate expenses - general and administrative includes $585,816 of stock-based compensation expense pursuant to ASC Topic 718 and $249,920 related to a long-term incentive program for the year ended December 31, 2010, $335,076 of stock-based compensation expense pursuant to ASC Topic 718 for the year ended December 31, 2011 and $600,936 of stock-based compensation expense pursuant to ASC Topic 718 for the year ended December 31, 2012.