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Earnings Per Share | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | 6) Earnings Per Share Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: Schedule of Earnings Per Share, Basic and Diluted
|  | 2022 |  |  | 2021 |
|  | Three Months Ended March 31 |
|  | 2022 |  |  | 2021 |
Numerator: |  |  |  |  |  |
Net earnings |  | $ | 3,228,718 |  |  | $ | 12,128,715 |
Denominator: |  |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 20,390,153 |  |  |  | 20,080,994 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee stock options |  |  | 842,367 |  |  |  | 928,251 |
Diluted weighted-average shares outstanding |  |  | 21,232,520 |  |  |  | 21,009,245 |
Basic net earnings per share |  | $ | 0.16 |  |  | $ | 0.60 |
Diluted net earnings per share |  | $ | 0.15 |  |  | $ | 0.58 |
For the three months March 31, 2022 and 2021, there were no anti-dilutive employee stock option shares. Basic and diluted earnings per share amounts are the same for each class of common stock. The following table summarizes the activity in shares of capital stock. Summary of Activities in Shares of Capital Stock
|  | Class A |  |  | Class C |
Outstanding shares at December 31, 2020 |  |  | 16,595,783 |  |  |  | 2,679,603 |
Exercise of stock options |  |  | 27,926 |  |  |  | - |
Conversion of Class C to Class A |  |  | 48,527 |  |  |  | (48,527 | )
Outstanding shares at March 31, 2021 |  |  | 16,672,236 |  |  |  | 2,631,076 |
Outstanding shares at December 31, 2021 |  |  | 17,642,722 |  |  |  | 2,866,565 |
Exercise of stock options |  |  | 50,223 |  |  |  | - |
Conversion of Class C to Class A |  |  | 207 |  |  |  | (207 | )
Outstanding shares at March 31, 2022 |  |  | 17,693,152 |  |  |  | 2,866,358 |
SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements March 31, 2022 (Unaudited)

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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