Note 4 - Net Income Per Common Share

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

4. 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):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Weighted average number of common shares outstanding - basic		3,388,624		3,346,689		3,388,624		3,346,689
Effect of dilutive securities		66,312		98,943		49,762		98,943
Weighted average number of common shares and potential common shares - diluted		3,454,936		3,445,632		3,438,386		3,445,632
Net income	$	2,326	$	1,589	$	7,230	$	4,733
Net income per common share - basic	$	0.69	$	0.47	$	2.13	$	1.41
Net income per common share - diluted	$	0.67	$	0.46	$	2.10	$	1.37