Note 16 - Earnings Per Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

16. EARNINGS PER SHARE 

Basic earnings per share ("EPS") is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive.

A reconciliation of the shares used in the basic and diluted income per common share computation for the years ended December 31, as follows:

	Twelve Months Ended
	December 31,
(shares in thousands)	2023		2022		2021
Basic - weighted average shares outstanding		7,363		7,317		7,283
Dilutive restricted share units		5		-		-
Dilutive stock options		13		52		126
Diluted - weighted average shares outstanding		7,381		7,369		7,409
Anti-dilutive securities		229		162		25