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6) Earnings Per Share
 9 Months Ended
Sep. 30, 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 September 30

 

Nine Months Ended September 30

 

 

 

2018

 

2017

 

2018

 

2017

Numerator:

 

 

 

 

 

 

 

 

 

Net earnings

 

 $     2,013,746

 

 $     1,096,838

 

 $         22,177,886

 

 $         5,442,702

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

      16,330,839

 

      16,026,199

 

            16,250,714

 

          15,928,911

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Employee stock options

 

           223,495

 

           300,093

 

                 212,163

 

               331,020

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding

 

      16,554,334

 

      16,326,292

 

            16,462,877

 

          16,259,931

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$0.12

 

$0.07

 

$1.36

 

$0.34

 

 

 

 

 

 

 

 

 

 

Diluted net earnings per share

 

$0.12

 

$0.07

 

$1.35

 

$0.33

 

Net earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. For the nine months September 30, 2018 and 2017, there were 589,822 and 486,725 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.