Earnings Per Share

6 Months Ended

Jun. 30, 2019

Notes

Earnings Per Share

(9) Earnings Per Share.  Basic earnings per share is calculated by dividing net income attributable to the common stockholders of the company by the weighted average number of common shares outstanding during the period.  Diluted earnings per share is calculated by assuming the exercise of stock options at the closing price of stock at the end of 2^nd quarter 2019.

The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:

	Three months ended		Six months ended
	June 30,		June 30,
	2019	2018	2019	2018
Numerator
Net income	3,525	4,308	6,664	8,400
Denominator
Weighted average shares, basic	3,721	3,731	3,721	3,728
Dilutive effect of stock options	14	23	16	23
Diluted shares	3,735	3,754	3,737	3,751
Earnings per share, basic	.95	1.15	1.79	2.25
Earnings per share, diluted	.94	1.15	1.78	2.24