XML 70 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
5) Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30

Six Months Ended June 30

2015

2014

2015

2014

Numerator:

Net earnings

$     3,852,279

$     2,624,063

$     5,715,982

$     2,762,911

Denominator:

Basic weighted-average shares outstanding

      13,037,095

      12,449,786

      12,986,238

      12,459,537

Effect of dilutive securities:

Employee stock options

           558,823

           447,418

           546,403

           455,244

Diluted weighted-average shares outstanding

      13,595,918

      12,897,204

      13,532,641

      12,914,781

Basic net earnings per share

$0.30

$0.21

$0.44

$0.22

Diluted net earnings per share

$0.28

$0.20

$0.42

$0.21

 

Net earnings per share amounts have been adjusted for the effect of annual stock dividends. For the three and six months ended June 30, 2015 and 2014, there were -0- and 142,972 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.