Note 9 - Earnings Per Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 9 – Earnings per Share

Basic net income per share is computed based on the weighted average number of common shares outstanding for each period presented. Diluted net income per share reflects the potential dilution that would have occurred if securities to issue common stock were exercised, converted, or resulted in the issuance of common stock that would have then shared in our earnings.

The following table summarizes the earnings and the weighted average number of common shares used in the calculation of basic and diluted earnings per share (in thousands, except for share and per share amounts):

	Three Months Ended March 31
	2022		2021
Basic:
Weighted average common shares outstanding		15,416,836		15,327,520
Net income attributable to National HealthCare Corporation	$	15,318	$	21,267
Earnings per common share, basic	$	0.99	$	1.39
Diluted:
Weighted average common shares outstanding		15,416,836		15,327,520
Effects of dilutive instruments		47,019		62,556
Weighted average common shares outstanding		15,463,855		15,390,076
Net income attributable to National HealthCare Corporation	$	15,318	$	21,267
Earnings per common share, diluted	$	0.99	$	1.38