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NOTE 5 - EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2020
Notes to Financial Statements |
EARNINGS PER SHARE | NOTE 5 - EARNINGS PER SHARE The following information was used in the computation of EPS on a basic and diluted basis:
|  | Three months ended |
|  | March 31, |
|  |  | 2020 |  |  | 2019 |
Net income |  | $ | 11,228 |  | $ | 12,918 |
Basic EPS |  | $ | 0.71 |  | $ | 0.82 |
Diluted EPS |  | $ | 0.70 |  | $ | 0.81 |
Weighted average common shares outstanding |  |  | 15,796,796 |  |  | 15,693,345 |
Weighted average common shares issuable upon exercise of stock options |  |  |  |  |  |  |
and under the employee stock purchase plan |  |  | 214,660 |  |  | 229,595 |
Weighted average common and common equivalent shares outstanding |  |  | 16,011,456 |  |  | 15,922,940 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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