Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v2.4.1.9
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
NOTE 15     EARNINGS PER SHARE

The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share for the years ended December 31, 2014, 2013, and 2012:
 
   
2014
    
2013
    
2012
  
   
Net
Income
    
Shares
    
Per Share
    
Net
Income
    
Shares
    
Per Share
    
Net Income
    
Shares
    
Per Share
  
Basic EPS
   $ 163,745,945       60,691,701     $ 2.70     $ 53,067,036       62,364,957     $ 0.85     $ 72,284,624       62,485,836     $ 1.16  
Dilutive Effect of Options
     -       169,068       (0.01 )     -       382,341       -       -       383,243       (0.01 )
Diluted EPS
   $ 163,745,945       60,860,769     $ 2.69     $ 53,067,036       62,747,298     $ 0.85     $ 72,284,624       62,869,079     $ 1.15  
 
For the year ended December 31, 2014 and 2013 restricted stock of 15,590 and 7,330 shares of common stock were excluded from EPS due to the anti-dilutive effect.