|
CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) (USD $)
|
3 Months Ended | 9 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
|||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract] | ||||||||||||
| REVENUE: | $ 15,709,423 | $ 15,492,724 | $ 47,684,538 | $ 48,984,473 | ||||||||
| DIRECT EXPENSES: | ||||||||||||
| Clinical salaries and benefits | 8,823,264 | 8,767,612 | 26,912,387 | 27,716,934 | ||||||||
| Dental supplies | 689,283 | 658,705 | 2,078,765 | 2,157,987 | ||||||||
| Laboratory fees | 751,534 | 679,304 | 2,303,063 | 2,188,635 | ||||||||
| Occupancy | 1,401,550 | 1,381,849 | 4,137,110 | 4,060,977 | ||||||||
| Advertising and marketing | 353,004 | 758,776 | 1,730,667 | 1,944,036 | ||||||||
| Depreciation and amortization | 725,719 | 633,200 | 2,060,675 | 1,860,980 | ||||||||
| General and administrative | 1,249,314 | 1,364,070 | 3,694,149 | 4,398,635 | ||||||||
| Total Direct Expenses | 13,993,668 | 14,243,516 | 42,916,816 | 44,328,184 | ||||||||
| Contribution from dental offices | 1,715,755 | 1,249,208 | 4,767,722 | 4,656,289 | ||||||||
| CORPORATE EXPENSES: | ||||||||||||
| General and administrative | 1,018,319 | [1] | 580,564 | [1] | 3,205,073 | [2] | 2,658,299 | [2] | ||||
| Depreciation and amortization | 41,308 | 35,575 | 118,467 | 86,578 | ||||||||
| OPERATING INCOME | 656,128 | 633,069 | 1,444,182 | 1,911,412 | ||||||||
| Interest expense, net | 28,018 | 19,883 | 76,796 | 66,178 | ||||||||
| INCOME BEFORE INCOME TAXES | 628,110 | 613,186 | 1,367,386 | 1,845,234 | ||||||||
| Income tax expense | 244,963 | 239,141 | 533,281 | 719,641 | ||||||||
| NET INCOME | $ 383,147 | $ 374,045 | $ 834,105 | $ 1,125,593 | ||||||||
| Net income per share of Common Stock - Basic (in dollar per share) | $ 0.21 | $ 0.20 | $ 0.45 | $ 0.61 | ||||||||
| Net income per share of Common Stock - Diluted (in dollar per share) | $ 0.21 | $ 0.20 | $ 0.45 | $ 0.59 | ||||||||
| Cash dividends per share of Common Stock (in dollar per share) | $ 0.22 | $ 0.22 | $ 0.66 | $ 0.64 | ||||||||
| Weighted average number of shares of Common Stock and dilutive securities: | ||||||||||||
| Basic (in shares) | 1,841,817 | 1,859,362 | 1,839,788 | 1,855,984 | ||||||||
| Diluted (in shares) | 1,851,445 | 1,914,075 | 1,849,842 | 1,917,594 | ||||||||
|
||||||||||||