Note 8 - Earnings Per Share

6 Months Ended

Jun. 30, 2025

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
	2025		2024		2025		2024
Basic:
Weighted average common shares outstanding		15,462,135		15,391,535		15,450,286		15,371,150
Net income attributable to National HealthCare Corporation	$	23,722	$	26,844	$	55,927	$	53,057
Earnings per common share, basic	$	1.53	$	1.74	$	3.62	$	3.45
Diluted:
Weighted average common shares outstanding		15,462,135		15,391,535		15,450,286		15,371,150
Effects of dilutive instruments		137,503		164,077		137,497		159,474
Weighted average common shares outstanding		15,599,638		15,555,612		15,587,783		15,530,624
Net income attributable to National HealthCare Corporation	$	23,722	$	26,844	$	55,927	$	53,057
Earnings per common share, diluted	$	1.52	$	1.73	$	3.59	$	3.42

For the three and six months ended June 30, 2025, 269,351 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 six months ended June 30 2024, 233,486 of stock options have been 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.