Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

6 Months Ended

Jun. 30, 2020

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

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

(in thousands)	Three months ended		Six months ended
	June 30,		June 30,
	2020	2019	2020	2019
Numerator
Net income	1,313	3,525	4,452	6,664
Denominator
Weighted average shares, basic	3,643	3,721	3,675	3,721
Dilutive effect of stock options	16	14	15	16
Diluted shares	3,659	3,735	3,690	3,737
Earnings per share, basic	0.36	0.95	1.21	1.79
Earnings per share, diluted	0.36	0.94	1.21	1.78