Earnings Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

9. 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,
	2015		2014		2015		2014
Earnings per common share –Basic
Net income attributable to OBCI	$	295,552	$	903,093	$	393,323	$	1,537,324
Weighted average number of common shares outstanding		8,935,951		8,914,274		8,926,176		8,808,219
Earnings per common share – Basic	$	0.03	$	0.10	$	0.04	$	0.17
Earnings per common share – Diluted
Net income attributable to OBCI	$	295,552	$	903,093	$	393,323	$	1,537,324
Weighted average number of common shares outstanding		8,935,951		8,914,274		8,926,176		8,808,219
Dilutive effect of employee stock-based awards		77,889		86,900		90,411		114,372
Weighted average number of common shares outstanding - assuming dilution		9,013,840		9,001,174		9,016,587		8,922,591
Earnings per common share – Diluted	$	0.03	$	0.10	$	0.04	$	0.17

The Company had no stock options outstanding during each of the three and nine month periods ended September 30, 2015 and 2014, respectively, that were anti-dilutive and therefore not included in the diluted earnings per common share calculation.