XML 134 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
6) Earnings Per Share
 6 Months Ended
Jun. 30, 2013
Notes  
6) Earnings Per Share

6)      Earnings Per Share

 

The basic and diluted earnings per share amounts were calculated as follows:

 

Three Months Ended June 30

Six Months Ended June 30

2013

2012

2013

2012

Numerator:

Net earnings

$ 2,799,245

$ 3,593,032

$ 4,832,511

$ 5,255,215

Denominator:

Basic weighted-average shares outstanding

11,046,283

10,059,155

10,991,303

10,036,975

Effect of dilutive securities:

Employee stock options

   806,657

   379,602

   845,805

   175,151

Dilutive potential common shares

   806,657

   379,602

   845,805

   175,151

Diluted weighted-average shares outstanding

11,852,940

10,438,757

11,837,108

10,212,126

Basic net earnings per share

$0.25

$0.36

$0.44

$0.52

Diluted net earnings per share

$0.24

$0.34

$0.41

$0.51

 

 

Net earnings per share amounts have been adjusted for the effect of annual stock dividends. For the three and six months ended June 30, 2013 and 2012, there were 5,250 and 1,178,207 of anti-dilutive employee stock option shares, respectively, that were not included in the computation of diluted net loss per common share as their effect would be anti-dilutive.