Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31
	2024			2023
Weighted average number of common shares outstanding – basic		10,722,401			10,722,401
Potential shares exercisable under stock option plans		258,000			306,650
LESS: Shares which could be repurchased under treasury stock method		(213,492	)		(231,950	)
Weighted average number of common shares outstanding – diluted		10,766,909			10,797,101