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Note 8 - Earnings Per Share
 3 Months Ended
Mar. 31, 2025
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
March 31

 
  

2025

  

2024

 

Basic:

        

Weighted average common shares outstanding

  15,438,306   15,350,240 

Net income attributable to National HealthCare Corporation

 $32,205  $26,213 

Earnings per common share, basic

 $2.09  $1.71 
         

Diluted:

        

Weighted average common shares outstanding

  15,438,306   15,350,240 

Effects of dilutive instruments

  137,446   154,856 

Weighted average common shares outstanding

  15,575,752   15,505,096 
         

Net income attributable to National HealthCare Corporation

 $32,205  $26,213 

Earnings per common share, diluted

 $2.07  $1.69 

 

For the three months ended March 31, 2025 and 2024, 493,249 and 245,726 stock options, respectively, were excluded from the calculation of diluted weighted average shares of common stock outstanding because the inclusion of these securities would have an anti-dilutive impact.