Note 3 - Net Income Per Share

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 3. Net Income per Share

(in thousands, except share and per share data)

Net income per share - basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share - diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Net income per share was computed as follows:

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
	2023		2022		2023		2022
Basic weighted average shares outstanding		5,603,570		5,595,320		5,600,082		5,591,771
Dilutive effect of stock based compensation		-		-		8		-
Diluted weighted average shares outstanding		5,603,570		5,595,320		5,600,090		5,591,771
Net income	$	1,207	$	2,580	$	2,647	$	7,157
Net income per share-basic	$	0.22	$	0.46	$	0.47	$	1.28
Net income per share-diluted	$	0.22	$	0.46	$	0.47	$	1.28