| Computation of basic and diluted earnings per common share |
The computation of basic and diluted earnings per common share for the three and six month periods ended June 30, 2014 and 2013 are as follows: | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2014 | | 2013 | | 2014 | | 2013 | Numerator: | |
| | |
| | | | | Net income | $ | 4,244,217 |
| | $ | 4,122,617 |
| | $ | 6,674,176 |
| | $ | 7,099,249 |
| Denominator: | |
| | |
| | | | | Denominator for basic earnings per share-weighted-average shares | 23,017,056 |
| | 22,857,339 |
| | 22,992,087 |
| | 22,826,908 |
| Effect of dilutive securities: | |
| | |
| | | | | Employee stock awards | 489,412 |
| | 498,714 |
| | 485,936 |
| | 471,205 |
| Denominator for dilutive earnings per share | 23,506,468 |
| | 23,356,053 |
| | 23,478,023 |
| | 23,298,113 |
| Basic net income per common share | $ | 0.18 |
| | $ | 0.18 |
| | $ | 0.29 |
| | $ | 0.31 |
| Diluted net income per common share | $ | 0.18 |
| | $ | 0.18 |
| | $ | 0.28 |
| | $ | 0.30 |
|
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