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Earnings Per Share
 9 Months Ended
Sep. 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 3rd quarter 2019.

 

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

 

 

Three months ended

 

Nine months ended

 

September 30,

 

September 30,

 

2019

 

2018

 

2019

 

2018

Numerator

 

 

 

 

 

 

 

Net income

3,705

 

6,762

 

10,369

 

15,162

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

Weighted average shares, basic

3,720

 

3,733

 

3,722

 

3,730

Dilutive effect of stock options

17

 

20

 

16

 

22

Diluted shares

3,737

 

3,753

 

3,738

 

3,752

 

 

 

 

 

 

 

 

Earnings per share, basic

1.00

 

1.81

 

2.79

 

4.07

Earnings per share, diluted

.99

 

1.80

 

2.77

 

4.04