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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share

7. ASC 260 Earnings Per Share (“EPS”) requires dual presentation of basic EPS and diluted EPS on the face of our condensed consolidated statements of operations and comprehensive (loss) income. Basic EPS is computed as net income divided by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects potential dilution that could occur if securities or other contracts, which, for the Company, consists of options to purchase shares of the Company’s common stock, are exercised.

The components of basic and diluted earnings per share were as follows:

 

     Three Months Ended
March 31,		  
     2015      2014  

Numerator:

      

Net income attributable to AVD

    $ 51       $ 2,159   
  

 

 

     

 

 

  

Denominator:

Weighted averages shares outstanding-basic

   28,527      28,401   

Dilutive effect of stock options and grants

   312      487   
  

 

 

     

 

 

  
  28,839      28,888   
  

 

 

     

 

 

  

The Company has excluded options to acquire 276,654 shares from fully diluted earnings per share for the three months ended March 31, 2015 because to include those options would be anti-dilutive. For the three months ended March 31, 2014, no stock options were excluded from the computation.