XML 25 R15.htm IDEA: XBRL DOCUMENT v3.23.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Notes  
Earnings Per Share

(8) Earnings Per Share. Basic earnings per share is calculated by dividing net income attributable to the common stockholders of the company by the weighted average number of common shares outstanding during the period.  Diluted earnings per share is calculated by assuming the exercise of stock options at the closing price of stock at the end of 3rd quarter 2023.

 

The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:

(in thousands)

Three months ended

 

Nine months ended

 

September 30,

 

September 30,

2023

 

2022

 

2023

 

2022

Numerator

 

 

 

 

 

 

 

Net income

3,935

 

4,280

 

12,349

 

11,918

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

Weighted average shares, basic

3,629

 

3,625

 

3,629

 

3,641

Dilutive effect of stock options

10

 

9

 

9

 

9

Diluted shares

3,639

 

3,634

 

3,638

 

3,650

 

 

 

 

 

 

 

 

Earnings per share, basic

1.08

 

1.18

 

3.40

 

3.27

Earnings per share, diluted

1.08

 

1.18

 

3.39

 

3.26