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Note H - Income Per Share
 9 Months Ended
Sep. 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
    
Nine Months Ended
  
   
September 30,
    
September 30,
  
   
2019
    
2018
    
2019
    
2018
  
   
(in thousands, except per share data)
  
                                 
Net income
   $
4,581
     $
9,248
     $
21,536
     $
17,924
  
                                 
Basic weighted average common shares outstanding
    
5,756
      
6,034
      
5,859
      
6,120
  
Dilutive effect of common stock equivalents
    
43
      
54
      
48
      
83
  
Diluted weighted average common shares outstanding
    
5,799
      
6,088
      
5,907
      
6,203
  
                                 
Basic earnings per share
   $
0.80
     $
1.53
     $
3.68
     $
2.93
  
Diluted earnings per share
   $
0.79
     $
1.52
     $
3.65
     $
2.89