Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 18 – EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	2021		2020		2019
Basic
Net income attributable to common shares	$	59,021,000	$	44,138,000	$	49,456,000
Weighted average common shares outstanding		15,986,857		16,268,689		16,405,159
Basic earnings per common share	$	3.69	$	2.71	$	3.01
Diluted
Net income attributable to common shares	$	59,021,000	$	44,138,000	$	49,456,000
Weighted average common shares outstanding for basic earnings per common share		15,986,857		16,268,689		16,405,159
Add: Dilutive effects of share-based awards		446		630		3,976
Average shares and dilutive potential common shares		15,987,303		16,269,319		16,409,135
Diluted earnings per common share	$	3.69	$	2.71	$	3.01

Stock options for approximately 7,000, 9,000 and 7,000 shares of common stock were antidilutive and were not included in determining dilutive earnings per share in 2021, 2020 and 2019, respectively.