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Note 8 - Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 8 – Earnings per Share

 

Basic net income per share is computed based on the weighted average number of common shares outstanding for each period presented. Diluted net income per share reflects the potential dilution that would have occurred if securities to issue common stock were exercised, converted, or resulted in the issuance of common stock that would have then shared in our earnings.

 

The following table summarizes the earnings and the weighted average number of common shares used in the calculation of basic and diluted earnings per share (in thousands, except for share and per share amounts):

 

  

Three Months Ended
June 30

  

Six Months Ended
June 30

 
  

2024

  

2023

  

2024

  

2023

 

Basic:

                

Weighted average common shares outstanding

  15,391,535   15,297,435   15,371,150   15,317,319 

Net income attributable to National HealthCare Corporation

 $26,844  $16,281  $53,057  $28,004 

Earnings per common share, basic

 $1.74  $1.06  $3.45  $1.83 
                 

Diluted:

                

Weighted average common shares outstanding

  15,391,535   15,297,435   15,371,150   15,317,319 

Effects of dilutive instruments

  164,077   24,909   159,474   21,921 

Weighted average common shares outstanding

  15,555,612   15,322,344   15,530,624   15,339,240 
                 

Net income attributable to National HealthCare Corporation

 $26,844  $16,281  $53,057  $28,004 

Earnings per common share, diluted

 $1.73  $1.06  $3.42  $1.83 

 

For the six months ended June 30, 2024 and 2023, 233,486 and 641,310, respectively, of stock options have been excluded from the calculation of diluted weighted average shares of common stock outstanding because the inclusion of these securities would have an anti-dilutive effect.