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Note 9 - Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9 – Earnings per Share

 

The calculation of basic and diluted weighted average common shares outstanding as of December 31 is as follows (in thousands):

 

   

2022

    

2021

  
                 

Basic weighted average shares outstanding

     6,734       6,688  

Effect of potentially dilutive share-based awards

     -       16  
                 

Diluted weighted average shares outstanding

     6,734       6,704  

 

At December 31, 2022, stock options to purchase 673,000 shares of common stock were outstanding and 265,500 were exercisable. At December 31, 2021, stock options to purchase 618,500 shares of common stock were outstanding and 265,000 were exercisable.

 

At December 31, 2022 and 2021, 673,000 and 287,000, stock options, respectively, were not included in the computation of diluted earnings per share because their effect was antidilutive.