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 of restricted stock and performance shares.

	Three Months Ended March 31,
	2018		2017
Net earnings used in the computation of basic and diluted earnings per share (in thousands)	$	2,450	$	3,835

Weighted average shares outstanding - basic		14,821,659		14,350,721
Common stock equivalents		635,970		578,974
Weighted average shares outstanding - diluted		15,457,629		14,929,695
Per Share Data:
Basic
Net earnings	$	0.17	$	0.27
Diluted
Net earnings	$	0.16	$	0.26

There were

awards to purchase shares of common stock outstanding during the

three

-month period ending

March 31, 2018

excluded from the computation of diluted EPS because the award’s exercise prices were greater than the average market price of the common shares.

Awards to purchase approximately

149,800

shares of common stock with a weighted average exercise price of

$18.65

per share were outstanding during the

three

-month period ending

March 31, 2017,

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.