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Basic and Diluted Net Income per Share
 12 Months Ended
Dec. 31, 2024
Per share - net income  
Basic and Diluted Net Income per Share

Note 13 - Basic and Diluted Net Income per Share

 

Basic net income per share was computed by dividing income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options, restricted stock awards and stock awards are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds plus unrecognized stock-based compensation obtained thereby were used by the Company to purchase common stock at the average market price during the period.

 

 

Where Food Comes From, Inc.

Notes to the Consolidated Financial Statements

 

The following is a reconciliation of the share data used in the basic and diluted income per share computations:

  

         
   Year ended December 31, 
(in thousands)  2024   2023 
Basic:          
Weighted average shares outstanding   5,318    5,485 
           
Diluted:          
Weighted average shares outstanding   5,318    5,485 
Weighted average effects of dilutive securities   16    63 
Total   5,334    5,548 
           
Antidilutive securities:   17    17 

 

The effect of the inclusion of the antidilutive shares would have resulted in an increase in earnings per share. Accordingly, the weighted average shares outstanding have not been adjusted for antidilutive shares.