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Note 13 - Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

13. EARNINGS PER SHARE

 

Basic earnings per share ("EPS") is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive.

 

A reconciliation of the shares used in the basic and diluted income per common share computation for the three and nine months ended September 30, 2023 and 2022 is as follows:

 

  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 

(shares in thousands)

 

2023

  

2022

  

2023

  

2022

 
                 

Basic - weighted average shares outstanding

  7,366   7,319   7,355   7,313 

Dilutive restricted share units

  3   -   5   - 

Dilutive stock options

  6   30   14   69 

Diluted - weighted average shares outstanding

  7,375   7,349   7,374   7,382 

Anti-dilutive securities

  262   236   262   117