Note 10 - Net Income Per Common Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

10. Net Income per Common Share

Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the potential dilution that would occur should all of the shares of Class A common stock underlying restricted stock units (“RSUs”) be issued.

A reconciliation of the common shares for purposes of the calculation of the Company’s basic and diluted net income per common share is as follows (weighted average number of common shares outstanding in whole numbers and net income in thousands):

	For the Years Ended December 31,
	201 9		201 8		201 7
Weighted average number of common shares outstanding - basic		3,412,805		3,388,624		3,346,689
Effect of dilutive securities		17,648		46,238		98,943
Weighted average number of common shares and potential common shares - diluted		3,430,453		3,434,862		3,445,632
Net income	$	7,796	$	9,467	$	12,115
Net income per common share - basic	$	2.28	$	2.79	$	3.62
Net income per common share - diluted	$	2.27	$	2.76	$	3.52