XML 21 R11.htm IDEA: XBRL DOCUMENT v3.21.1
4. Net Earnings Per Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
4. Net Earnings Per Share

Net earnings per share is based on the weighted average number of shares outstanding during the period while the effects of potential shares outstanding during the period are included in diluted earnings per share. The average market price during the applicable period is used to compute equivalent shares.

 

The reconciliation of the amounts used in the computation of both “basic earnings per share” and “diluted earnings per share” for the three months ended March 31, 2021 and 2020 is as follows:

 

For the three months ended March 31, 2021         
  

 Net Earnings (Dollars

in thousands)

 

 Weighted Average

Number of Shares

  Per Share Amount
Basic earnings per share  $4,121    5,631,414   $0.73 
Effect of dilutive securities:               
Restricted stock units   —    12,169      
Shares held in deferred comp plan    —     156,662      
Diluted earnings per share  $4,121    5,800,245   $0.71 

 

For the three months ended March 31, 2020         
  

 Net Earnings (Dollars

in thousands)

 

 Weighted Average

Number of Shares

  Per Share Amount
Basic earnings per share  $2,367    5,723,540   $0.41 
Effect of dilutive securities:               
Restricted stock units   —    13,440      
Shares held in deferred comp plan    —     146,938      
Diluted earnings per share  $2,367    5,883,378   $0.40