v3.26.1
(7) Earnings Per Share
6 Months Ended
Jun. 30, 2026
Notes  
(7) Earnings Per Share

7) Earnings Per Share. Basic earnings per share were calculated by dividing net income attributable to the common stockholders of the company by the weighted average number of common shares outstanding during each applicable period.  Diluted earnings per share were calculated by assuming the exercise of stock options at the closing price of stock at the end of 2Q 2026 and 2025, as applicable.

 

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,

2026

 

2025

 

2026

 

2025

Numerator

 

 

 

 

 

 

 

Net income

2,686

 

3,048

 

5,290

 

6,089

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

Weighted average shares, basic

3,184

 

3,246

 

3,184

 

3,278

Dilutive effect of stock options

-

 

-

 

-

 

-

Diluted shares

3,184

 

3,246

 

3,184

 

3,278

 

 

 

 

 

 

 

 

Earnings per share, basic

0.84

 

0.94

 

1.66

 

1.86

Earnings per share, diluted

0.84

 

0.94

 

1.66

 

1.86