XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
(3)         EARNINGS PER SHARE

The Company calculates earnings per share in accordance with ASC Topic 260.

 
Quarters Ended March 31,
             
 
2012
         
2013
       
 
Net Income
 
Shares
 
Per Share Amount
Net Income
 
Shares
 
Per Share Amount
                       
Basic EPS
 $     308,794
 
  1,847,024
 
 $         0.17
 
 $     241,314
 
  1,845,375
 
 $        0.13
                       
Effect of Dilutive Stock Options
                  -
 
       12,498
 
                -
 
                  -
 
       11,713
 
               -
                       
Diluted EPS
 $     308,794
 
  1,859,522
 
 $         0.17
 
 $     241,314
 
  1,857,088
 
 $        0.13
                       
 
The difference in weighted average shares outstanding between basic earnings per share and diluted earnings per share for the quarters ended March 31, 2013 and 2012 relates to the effect of 11,713 and 12,498, respectively, dilutive shares of the Company's Common Stock ("Common Stock") from stock options, which are included in total shares for the diluted earnings per share calculation.  For the quarters ended March 31, 2013 and 2012, options to purchase 389,666 and 331,100 shares, respectively, of Common Stock were not included in the computation of dilutive earnings per share because their effect was anti-dilutive.