Basic:

Weighted average common shares outstanding

15,299,913

15,445,569

15,311,453

15,438,375

Net income attributable to National HealthCare Corporation

$

10,388

$

(2,429

)

$

38,392

$

16,092

Earnings per common share, basic

$

0.68

$

(0.16

)

$

2.51

$

1.04

Diluted:

Weighted average common shares outstanding

15,299,913

15,445,569

15,311,453

15,438,375

Effects of dilutive instruments

24,598

-

22,816

38,728

Weighted average common shares outstanding

15,324,511

15,445,569

15,334,269

15,477,103

Net income attributable to National HealthCare Corporation

$

10,388

$

(2,429

)

$

38,392

$

16,092

Earnings per common share, diluted

$

0.68

$

(0.16

)

$

2.50

$

1.04