Note 7 - Earning Per Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 7 – Earning Per Share

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 share and per share amounts):

	Year Ended December 31,
	2019		2018		2017
Basic:
Weighted average common shares outstanding		15,270,154		15,224,886		15,189,920
Net income attributable to common stockholders of National Healthcare Corporation	$	68,211	$	58,964	$	56,205
Earnings per common share, basic	$	4.47	$	3.87	$	3.70
Diluted:
Weighted average common shares outstanding		15,270,154		15,224,886		15,189,920
Dilutive effect of stock options		89,892		11,940		29,042
Assumed average common shares outstanding		15,360,046		15,236,826		15,218,962
Net income attributable to common stockholders of National Healthcare Corporation	$	68,211	$	58,964	$	56,205
Earnings per common share, diluted	$	4.44	$	3.87	$	3.69