Earnings Per Share

6 Months Ended

Jun. 30, 2016

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 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, consist 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 June 30				Six Months Ended June 30
	2016		2015		2016		2015
Numerator:
Net income attributable to AVD	$	3,246	$	781	$	6,040	$	832

Denominator:
Weighted average shares outstanding-basic		28,893		28,676		28,851		28,602
Dilutive effect of stock options and grants		484		526		491		501

		29,377		29,202		29,342		29,103

For the three months and six months ended June 30, 2016 and June 30, 2015, no stock options were excluded from the computation of diluted earnings per share.