Earnings Per Share

12 Months Ended

Dec. 31, 2016

17. Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period.

Diluted earnings per share is computed by dividing the net income by the weighted average number of shares of common stock and equivalents (stock options and warrants), unless anti-dilutive, during each period.

For the three and twelve months ended December 31, 2016, 76,675 shares were anti-dilutive (not included in the determination of earnings on a diluted basis), all of which were represented by options. For the three and twelve months ended December 31, 2015, 106,065 shares were anti-dilutive, all of which were represented by options.

Consolidated Earnings per Share

	Year Ended December 31,
	2016		2015
Basic
Average shares outstanding:
Weighted average number of shares outstanding during the period		3,566,400		3,297,448

Earnings:
Net income attributable to CTI Industries Corporation	$	652,538	$	1,047,333

Amount for per share Computation	$	652,538	$	1,047,333

Net earnings applicable to Common Shares	$	0.18	$	0.32

Diluted
Average shares outstanding:		3,566,400		3,297,448
Weighted averages shares Outstanding Common stock equivalents (options, warrants)		161,154		139,692

Weighted average number of shares outstanding during the period		3,727,554		3,437,140

Earnings:
Net income attributable to CTI Industries Corporation	$	652,538	$	1,047,333

Amount for per share computation	$	652,538	$	1,047,333

Net income applicable to Common Shares	$	0.18	$	0.30