v3.26.1
Note 9 - Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9 – Earnings per Share

 

Basic net income per share is computed based on the weighted average number of common shares outstanding for each period presented. Diluted net income per share reflects the potential dilution that would have occurred if securities to issue common stock were exercised, converted, or resulted in the issuance of common stock that would have then shared in our earnings.

 

The following table summarizes the earnings and the weighted average number of common shares used in the calculation of basic and diluted earnings per share (in thousands, except for share and per share amounts):

 

  

Three Months Ended
June 30

  

Six Months Ended
June 30

 
  

2026

  

2025

  

2026

  

2025

 

Basic:

                

Weighted average common shares outstanding

  15,617,655   15,462,135   15,579,854   15,450,286 

Net income attributable to National HealthCare Corporation

 $40,319  $23,722  $76,176  $55,927 

Earnings per common share, basic

 $2.58  $1.53  $4.89  $3.62 
                 

Diluted:

                

Weighted average common shares outstanding

  15,617,655   15,462,135   15,579,854   15,450,286 

Effects of dilutive instruments

  246,674   137,503   237,792   137,497 

Weighted average common shares outstanding

  15,864,329   15,599,638   15,817,646   15,587,783 
                 

Net income attributable to National HealthCare Corporation

 $40,319  $23,722  $76,176  $55,927 

Earnings per common share, diluted

 $2.54  $1.52  $4.82  $3.59 

 

For the three and six months ended June 30, 2026, no stock options were excluded from the calculation of diluted weighted average shares of common stock outstanding because the inclusion of these securities would have an anti-dilutive impact. For the three and six months ended June 30 2025, 269,351 stock options were excluded from the calculation of diluted weighted average shares of common stock outstanding because the inclusion of these securities would have an anti-dilutive effect.