5) Earnings Per Share

3 Months Ended

Mar. 31, 2017

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 (As Restated) (Unaudited)
		2017	2016
Numerator:
	Net earnings	$1,860,000	$2,537,941
Denominator:
	Basic weighted-average shares outstanding	15,058,153	14,656,450
Effect of dilutive securities:
	Employee stock options	469,843	455,828
	Diluted weighted-average shares outstanding	15,527,996	15,112,278
Basic net earnings per share		$0.12	$0.17
Diluted net earnings per share		$0.12	$0.17

Net earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. For the three months ended March 31, 2017 and 2016, there were 89,250 and 250,039 of anti-dilutive employee stock option shares, respectively, that were not included in the computation of diluted net earnings per common share as their effect would be anti-dilutive.