Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

EARNINGS PER SHARE

10. EARNINGS PER SHARE

Basic earnings per share is calculated based on net income attributable to Ocean Bio-Chem, Inc. and the weighted average number of shares outstanding during the reported period. Diluted earnings per share reflect additional dilution from potential common stock issuable upon the exercise of outstanding stock options. The following table sets forth the computation of basic and diluted earnings per common share, as well as a reconciliation of the weighted average number of common shares outstanding to the weighted average number of shares outstanding on a diluted basis.

	Three Months Ended  September 30,				Nine Months Ended  September 30,
	2014		2013		2014		2013
Earnings per common share -Basic
Net income attributable to OBCI	$	903,093	$	621,665	$	1,537,324	$	1,143,333
Weighted average number of common shares outstanding		8,914,274		8,605,183		8,808,219		8,499,800
Earnings per common share - Basic	$	0.10	$	0.07	$	0.17	$	0.13
Earnings per common share – Diluted
Net income attributable to OBCI	$	903,093	$	621,665	$	1,537,324	$	1,143,333
Weighted average number of common shares outstanding		8,914,274		8,605,183		8,808,219		8,499,800
Dilutive effect of employee stock-based awards		86,900		234,061		114,372		270,358
Weighted average number of common shares outstanding - assuming dilution		9,001,174		8,839,244		8,922,591		8,770,158
Earnings per common share - Diluted	$	0.10	$	0.07	$	0.17	$	0.13

The Company had no stock options outstanding for each of the three and nine month periods ended September 30, 2014 and 2013, respectively, that were anti-dilutive and therefore not included in the diluted earnings per common share calculation.