5) Earnings Per Share

3 Months Ended

Mar. 31, 2016

Notes

5) Earnings Per Share

5)      Earnings Per Share

The basic and diluted earnings per share amounts were calculated as follows:

		Three Months Ended March 31
		2016	2015
Numerator:
	Net earnings	$     1,793,532	$     1,863,703
Denominator:
	Basic weighted-average shares outstanding	13,939,377	13,592,260
Effect of dilutive securities:
	Employee stock options	434,122	561,838
	Diluted weighted-average shares outstanding	14,373,499	14,154,098
Basic net earnings per share		$0.13	$0.14
Diluted net earnings per share		$0.12	$0.13

Net earnings per share amounts have been adjusted for the effect of annual stock dividends. For the three months ended March 31, 2016 and 2015, there were 250,039 and 4,632 of anti-dilutive employee stock option shares, respectively, that were not included in the computation of diluted net loss per common share as their effect would be anti-dilutive.