Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2023

Net Income per Share [Abstract]

Computation of Basic and Diluted Net Income per Share

Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options.

	3 Months Ended September 30,						9 Months Ended September 30,
	2023			2022			2023			2022
Weighted average number of common shares outstanding – basic		10,722,401			10,722,401			10,722,401			10,722,401
Potential shares exercisable under stock option plans		311,950			237,000			320,697			237,692
LESS: Shares which could be repurchased under treasury stock method		(234,870	)		(201,052	)		(241,855	)		(199,696	)
Weighted average number of common shares outstanding – diluted		10,799,481			10,758,349			10,801,243			10,760,397