Note 8- Earnings Per Share

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 8 – 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
	2019		2018		2019		2018
Basic:
Weighted average common shares outstanding		15,269,637		15,221,262		15,262,950		15,218,962
Net income attributable to National HealthCare Corporation	$	13,711	$	22,461	$	34,980	$	19,670
Earnings per common share, basic	$	0.90	$	1.48	$	2.29	$	1.29
Diluted:
Weighted average common shares outstanding		15,269,637		15,221,262		15,262,950		15,218,962
Effects of dilutive instruments		83,065		7,043		75,570		5,996
Weighted average common shares outstanding		15,352,702		15,228,305		15,338,520		15,224,958
Net income attributable to National HealthCare Corporation	$	13,711	$	22,461	$	34,980	$	19,670
Earnings per common share, diluted	$	0.89	$	1.47	$	2.28	$	1.29

In the above table, options to purchase 8,796 and 1,137,015 shares of our common stock have been excluded for the six months ended June 30, 2019 and 2018, respectively, due to their anti–dilutive impact.