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Note 9 - Earnings Per Share | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 9 – 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 September 30 |  |  | Nine Months Ended September 30 |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 15,411,680 |  |  |  | 15,299,913 |  |  |  | 15,384,758 |  |  |  | 15,311,453 |
Net income attributable to National HealthCare Corporation |  | $ | 42,789 |  |  | $ | 10,388 |  |  | $ | 95,846 |  |  | $ | 38,392 |
Earnings per common share, basic |  | $ | 2.78 |  |  | $ | 0.68 |  |  | $ | 6.23 |  |  | $ | 2.51 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 15,411,680 |  |  |  | 15,299,913 |  |  |  | 15,384,758 |  |  |  | 15,311,453 |
Effects of dilutive instruments |  |  | 255,641 |  |  |  | 24,598 |  |  |  | 191,536 |  |  |  | 22,816 |
Weighted average common shares outstanding |  |  | 15,667,321 |  |  |  | 15,324,511 |  |  |  | 15,576,294 |  |  |  | 15,334,269 |
Net income attributable to National HealthCare Corporation |  | $ | 42,789 |  |  | $ | 10,388 |  |  | $ | 95,846 |  |  | $ | 38,392 |
Earnings per common share, diluted |  | $ | 2.73 |  |  | $ | 0.68 |  |  | $ | 6.15 |  |  | $ | 2.50 |
For the three and nine months ending September 30, 2024, we did not exclude any stock options from the calculation of diluted weighted average shares of common stock outstanding. For the three and nine months ending September 30, 2023, 637,409 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.

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