Earnings Per Share

3 Months Ended

Mar. 31, 2016


15.	Earnings Per Share

The computations of Basic and Diluted Earnings per Share were as follows:



	Three Months Ended
	March 31
	2016		2015
Numerator:
Net Earnings	$	4,439	$	5,026
Denominator:
Basic - Weighted Average Shares Outstanding	17,544,192		18,283,097
Effect of dilutive securities:
Share-based compensation plans	433,395		497,837
Diluted - Weighted Average Shares Outstanding	17,977,587		18,780,934
Basic Earnings per Share	$	0.25	$	0.27
Diluted Earnings per Share	$	0.25	$	0.27

Excluded from the dilutive securities shown above were options to purchase 381,952 and 145,293 shares of Common Stock during the three months ended March 31, 2016 and 2015, respectively. These exclusions were made if the exercise prices of the options are greater than the average market price of our Common Stock for the period, if the number of shares we can repurchase under the treasury stock method exceeds the weighted average shares outstanding in the options or if we have a net loss, as these effects are anti-dilutive.