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Note H - Income Per Share
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
NOTE
H
:
INCOME
PER SHARE
Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive restricted stock. The computation of diluted earnings per share does
not
assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on earnings per share. The computations of basic and diluted earnings per share were as follows:
 
   
Three Months Ended
    
Six Months Ended
  
   
June 30,
    
June 30,
  
   
2019
    
2018
    
2019
    
2018
  
   
(in thousands, except per share data)
  
                                 
Net income
   $
8,654
     $
7,289
     $
16,955
     $
8,676
  
                                 
Basic weighted average common shares outstanding
    
5,901
      
6,159
      
5,911
      
6,163
  
Dilutive effect of common stock equivalents
    
48
      
70
      
51
      
94
  
Diluted weighted average common shares outstanding
    
5,949
      
6,229
      
5,962
      
6,257
  
                                 
Basic earnings per share
   $
1.47
     $
1.18
     $
2.87
     $
1.41
  
Diluted earnings per share
   $
1.45
     $
1.17
     $
2.84
     $
1.39