XML 40 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 16 - Earnings Per Common Share
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
1
6
. Earnings Per Common Share:
 
The following table reconciles the numerators and denominators of the basic and diluted earnings per common share computation (Dollar amounts in thousands of US dollars, except for share data):
 
   
Year ended
December 31,
2018
    
Year ended
December 31,
2017
    
Year ended
December 31,
2016
  
Numerator for basic and diluted earnings per common share:
                        
Net income for the year
   $
17,135
     $
22,327
     $
16,067
  
Denominator for basic and diluted earnings per common share:
                        
Basic weighted average number of common shares outstanding
    
10,604,722
      
10,537,356
      
10,524,856
  
Effect of stock options
    
189,448
      
256,266
      
188,739
  
Diluted weighted average number of shares outstanding
    
10,794,170
      
10,793,622
      
10,713,595
  
Basic earnings per common share
   $
1.62
     $
2.12
     $
1.53
  
Diluted earnings per common share
   $
1.59
     $
2.07
     $
1.50
  
 
Options to purchase
451,739
common shares were outstanding during
2018
(
2017:
341,650;
2016:
76,750
) but were
not
included in the computation of diluted income per common share because the options’ exercise price was greater than the average market price of the common shares for the year.