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5) Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Notes  
5) Earnings Per Share

5)      Earnings Per Share

 

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

 

Three Months Ended March 31

2015

2014

Numerator:

Net earnings

$     1,863,703

$        138,848

Denominator:

Basic weighted-average shares outstanding

      12,934,816

      12,400,954

Effect of dilutive securities:

Employee stock options

           535,084

           462,941

Diluted weighted-average shares outstanding

      13,469,900

      12,863,895

Basic net earnings per share

$0.14

$0.01

Diluted net earnings per share

$0.14

$0.01

 

Net earnings per share amounts have been adjusted for the effect of annual stock dividends. For the three months ended March 31, 2015 and 2014, there were 4,632 and 615,472 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.