Earnings per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings per Share

Note 3 – Earnings per Share

Basic earnings per share are computed by dividing net income by the weighted average number of shares of stock outstanding during the period. The Company’s diluted earnings per share give effect to all potential common shares outstanding during a period that do not have an anti-dilutive impact to the calculation. In computing the diluted earnings per share, the treasury stock method is used in determining the number of shares assumed to be issued from the exercise of Common Stock equivalents.

Note 3 – Earning Per Share – Continued

The following summarizes the common shares included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:

	Three MonthsEnded March 31,
	2015		2014
Weighted average number of shares for calculation of basic EPS		35,769,190		35,063,671
Stock options under the 2006, 2011 and 2013 equity plans		475,505		528,356
Weighted average number of shares for calculation of diluted EPS		36,244,695		35,592,027

The accompanying table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted shares calculation because the effect of their inclusion would be anti-dilutive.

	Three MonthsEnded March 31,
	2015		2014
Stock options outstanding under the 2006, 2011 and 2013 Equity Incentive Plans		—		—