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Note 12 - Earnings Per Share

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

12. 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 EPS 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, 2024 and 2023 is as follows:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(shares in thousands)		2024				2023				2024				2023

Basic - weighted average shares outstanding			7,449				7,366				7,432				7,355
Dilutive restricted share units			26				3				22				5
Dilutive stock options			28				6				25				14
Diluted - weighted average shares outstanding			7,503				7,375				7,479				7,374
Anti-dilutive securities			65				262				103				262