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Note 9 - Earnings per Share
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9 - Earnings per Share

 

We calculate basic earnings per share by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. We do not include the impact of any potentially dilutive common stock equivalents in our basic earnings per share calculations. Diluted earnings per share reflects the potential dilution from nonvested restricted stock and outstanding stock options using the treasury stock method when the effect is dilutive. Potential dilutive common shares outstanding at  June 30, 2026 and  June 30, 2025 totaled approximately 107 thousand and 133 thousand, respectively.

 

We use the treasury stock method to calculate the weighted-average diluted common shares outstanding as follows:

 

   

Three months ended

    

Six months ended

  

(in thousands)

  

June 30, 2026

    

June 30, 2025

    

June 30, 2026

    

June 30, 2025

  

Weighted average number of common shares used in basic net income per common share

     13,786       13,938       13,829       13,932  

Dilutive effect of nonvested restricted stock and stock options

     24       52       16       69  

Weighted average number of common shares used in diluted net income per common share

     13,810       13,990       13,845       14,001