Note 8 - Earnings Per Share

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 8 – 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,
	2024		2023		2022
Basic:
Weighted average common shares outstanding		15,393,782		15,310,142		15,410,222
Net income attributable to common stockholders of National Healthcare Corporation	$	101,927	$	66,798	$	22,445
Earnings per common share, basic	$	6.62	$	4.36	$	1.46
Diluted:
Weighted average common shares outstanding		15,393,782		15,310,142		15,410,222
Dilutive effect of stock options		204,746		67,201		36,989
Assumed average common shares outstanding		15,598,528		15,377,343		15,447,211
Net income attributable to common stockholders of National Healthcare Corporation	$	101,927	$	66,798	$	22,445
Earnings per common share, diluted	$	6.53	$	4.34	$	1.45

For the years ended December 31, 2024 and 2023, there were no stock options excluded from the calculation of diluted weighted average shares of common stock outstanding.  For the year ended December 31, 2022, 375,638 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.