Medical Information Technology, Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - January 31, 2013

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EX-31 - RULE 13A-14(A) CERTIFICATIONS - Medical Information Technology, Inc.	ex31.htm
EX-23 - CONSENT OF ERNST & YOUNG LLP - Medical Information Technology, Inc.	ex23.htm
EX-21 - SUBSIDIARIES OF THE COMPANY - Medical Information Technology, Inc.	ex21.htm
EX-32 - SECTION 1350 CERTIFICATIONS - Medical Information Technology, Inc.	ex32.htm
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EXCEL - IDEA: XBRL DOCUMENT - Medical Information Technology, Inc.	Financial_Report.xls
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10-K - 2012 ANNUAL REPORT - Medical Information Technology, Inc.	tenk.htm

Earnings Per Share:

12 Months Ended

Dec. 31, 2012

Earnings Per Share:

Note 14. Earnings Per Share:

MEDITECH follows the provisions of ASC 260-10, Earnings per Share, which requires reporting both basic and diluted earnings per share. MEDITECH has no common share equivalents such as preferred stock, warrants or stock options which would dilute earnings per share. Thus, earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the three years ended December 31. The average number of shares reflects the annual issuance of shares sold to staff members in February pursuant to the 2004 Stock Purchase Plan and the annual issuance of shares contributed to the MEDITECH Profit Sharing Trust in December.

	2010	2011	2012

Net income	$108,825,304	$124,001,302	$130,546,536
Average number of shares	36,055,853	36,411,749	36,777,380
Earnings per share	$3.02	$3.41	$3.55

The entire disclosure for earnings per share.

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