5) Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30		Six Months Ended June 30
		2016	2015	2016	2015
Numerator:
	Net earnings	$     5,357,287	$     3,852,279	$           7,150,819	$         5,715,982
Denominator:
	Basic weighted-average shares outstanding	14,030,903	13,694,539	13,985,114	13,643,682
Effect of dilutive securities:
	Employee stock options	346,046	586,764	392,712	573,723
	Diluted weighted-average shares outstanding	14,376,949	14,281,303	14,377,826	14,217,405
Basic net earnings per share		$0.38	$0.28	$0.51	$0.42
Diluted net earnings per share		$0.37	$0.27	$0.50	$0.40

Net earnings per share amounts have been adjusted for the effect of annual stock dividends. For the three and six months ended June 30, 2016 and 2015, there were 250,039 and -0- 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.