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Basic and Diluted Net Income per Share
 9 Months Ended
Sep. 30, 2025
Per share - net income:  
Basic and Diluted Net Income per Share

Note 2 – 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 are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

 

 

Where Food Comes From, Inc.

Notes to the Consolidated Financial Statements

(Unaudited)

 

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

 

   2025   2024   2025   2024 
   Three months ended September 30,   Nine months ended September 30, 
   2025   2024   2025   2024 
Basic:                    
Weighted average shares outstanding   5,284    5,342    5,124    5,398 
                     
Diluted:                    
Weighted average shares outstanding   5,284    5,342    5,124    5,398 
Weighted average effects of dilutive securities   13    15    13    17 
Total   5,297    5,357    5,137    5,415 
                     
Antidilutive securities:   17    17    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.