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6) Earnings Per Share

3 Months Ended

Mar. 31, 2018

Notes

6) Earnings Per Share

6)      Earnings Per Share

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

			Three Months Ended March 31
			2018		2017
Numerator:
	Net earnings		$   16,925,923		$     1,860,000
Denominator:
	Basic weighted-average shares outstanding		16,171,412		15,827,495
Effect of dilutive securities:
	Employee stock options		176,365		493,335
	Diluted weighted-average shares outstanding		16,347,777		16,320,830
Basic net earnings per share			$1.05		$0.12
Diluted net earnings per share			$1.04		$0.11

Net earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. For the three months March 31, 2018 and 2017, there were 589,822 and 89,250 of anti-dilutive employee stock option shares, respectively, that were not included in the computation of diluted net earnings per common share as their effect would be anti-dilutive.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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