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 September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Net earnings used in the computation of basic and diluted earnings per share (in thousands)	$	6,122	$	4,962	$	12,389	$	13,138

Weighted average shares outstanding - basic		15,010,660		14,573,813		14,929,513		14,475,311
Common stock equivalents		489,234		655,909		576,129		591,305
Weighted average shares outstanding - diluted		15,499,894		15,229,722		15,505,642		15,066,616
Per Share Data:
Basic
Net earnings	$	0.41	$	0.34	$	0.83	$	0.91
Diluted
Net earnings	$	0.39	$	0.33	$	0.80	$	0.87

Awards to purchase approximately

192,000

shares of common stock with a weighted average price of

$23.17

per share were outstanding during the

three

-month period ending

September 30, 2018,

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

192,000

and

50,000

shares of common stock with weighted average exercise prices of

$23.17

and

$18.65

per share were outstanding during the

nine

-month periods ending

September 30, 2018

and

2017,

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.