Note 10 - Earnings Per Share |
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| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Text Block] |
Basic EPS for the three and nine months ended June 30, 2026 and 2025 was calculated by dividing net income by the weighted-average common shares outstanding during the period excluding unvested nonemployee restricted stock issued to outside directors under the RSPD. Diluted EPS was calculated by dividing net income by the weighted-average common shares outstanding during the period plus potential dilutive common shares. Potential dilutive common shares are calculated in accordance with the treasury stock method, which assumes that proceeds from the exercise of all options are used to repurchase common stock at market value. The number of shares remaining after the proceeds are exhausted represents the potentially dilutive effect of the securities. The computation of diluted EPS for the three months ended June 30, 2026 and 2025 excludes potentially dilutive shares of 841 and 1,695, respectively, and 1,268 and 2,000, respectively, for the nine months ended June 30, 2026 and 2025, because to include them would be antidilutive for the periods. These shares could potentially dilute EPS in the future.
A reconciliation of basic and diluted earnings per share is presented below:
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