v3.26.3
Note 9 - Earnings Per Share
 9 Months Ended
Sep. 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
September 30

  

Nine Months Ended
September 30

 
  

2026

  

2025

  

2026

  

2025

 

Basic:

                

Weighted average common shares outstanding

  15,638,814   15,484,464   15,599,724   15,461,804 

Net income attributable to National HealthCare Corporation

 $13,637  $39,239  $89,813  $95,166 

Earnings per common share, basic

 $0.87  $2.53  $5.76  $6.15 
                 

Diluted:

                

Weighted average common shares outstanding

  15,638,814   15,484,464   15,599,724   15,461,804 

Effects of dilutive instruments

  326,081   180,066   267,233   151,701 

Weighted average common shares outstanding

  15,964,895   15,664,530   15,866,957   15,613,505 
                 

Net income attributable to National HealthCare Corporation

 $13,637  $39,239  $89,813  $95,166 

Earnings per common share, diluted

 $0.85  $2.50  $5.66  $6.10 

 

For the three and nine months ended September 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 nine months ended September 30 2025, 6,450 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.