Note 1 - Summary of Significant Accounting Policies: Earnings Per Share (Policies)

12 Months Ended

Dec. 31, 2017

Policies

Earnings Per Share

Earnings per Share

The computation of basic earnings per common share is based on the weighted average number of shares outstanding during each year.

The computation of earnings per common share assuming dilution is based on the weighted average number of shares outstanding during the year plus the weighted average common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the year.

The shares (in thousands) used in the computation of the Company’s basic and diluted earnings per share are reconciled as follows:

	2017	2016	2015
Weighted average number of shares outstanding – basic	3,718	3,751	3,752
Dilutive effect of stock options	19	15	20
Weighted average number of shares outstanding, assuming dilution	3,737	3,766	3,772