NOTE

– Earnings Per Share:

Historical basic per share data is based on the weighted average number of shares outstanding. Historical diluted per share data is reconciled by adding to weighted average shares outstanding the dilutive impact of the exercise of outstanding stock options, stock appreciation rights, unvested shares, and performance shares.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net earnings used in the computation of basic and diluted earnings per share	$	4,962,000	$	4,447,000	$	13,138,000	$	10,197,000

Weighted average shares outstanding - basic		14,573,813		14,118,354		14,475,311		14,055,345
Common stock equivalents		655,909		865,730		591,305		814,726
Weighted average shares outstanding - diluted		15,229,722		14,984,084		15,066,616		14,870,071
Per Share Data:
Basic
Net earnings	$	0.34	$	0.31	$	0.91	$	0.73
Diluted
Net earnings	$	0.33	$	0.30	$	0.87	$	0.69

Awards

to purchase approximately

150,000

shares of common stock with a weighted average exercise price of

$18.65

per share were outstanding during the

three

-month period ending

September 30, 2016,

but were

not

included in the computation of diluted EPS because the awards’ exercise prices were greater than the average market price of the common shares. There were

such awards outstanding during the

three

-month period ending

September 30, 2017.

Awards to purchase approximately

50,000

and

165,000

shares of common stock with weighted average exercise prices of

$18.65

and

$18.53

per share were outstanding during the

nine

-month periods ending

September 30, 2017

and

2016,

respectively, but were

not

included in the computation of diluted EPS because the awards’ exercise prices were greater than the average market price of the common shares.