(7) Earnings Per Share

3 Months Ended

Mar. 31, 2025

Notes

(7) Earnings Per Share

(7) Earnings Per Share. Basic earnings per share were calculated by dividing net income attributable to the common stockholders of the company by the weighted average number of common shares outstanding during each applicable period.  Diluted earnings per share were calculated by assuming the exercise of stock options at the closing price of stock at the end of first quarter 2025 and 2024, as applicable. The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:

	Three months ended March 31
(in thousands)	2025	2024
Numerator
Net income	3,041	3,956
Denominator
Weighted average shares, basic	3,310	3,618
Dilutive effect of stock options	-	-
Diluted shares	3,310	3,618
Earnings per share, basic	$0.92	$1.09
Earnings per share, diluted	$0.92	$1.09