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