NET INCOME PER SHARE DATA

6 Months Ended

Jun. 30, 2024

Net income per common share:

NET INCOME PER SHARE DATA

NOTE 7. NET INCOME PER SHARE DATA

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of common shares outstanding using the treasury stock method during the period. The Company’s potentially dilutive common shares are those that result from dilutive common stock options and non-vested stock relating to restricted stock units.

The calculation of diluted income per shared excluded 31,611 and 45,453 in weighted average shares for the three and six months ended June 30, 2024, respectively, and 60,728 and 47,182 in weighted average shares for the three and six months ended June 30, 2023, respectively, as their effect was anti-dilutive. Basic and diluted weighted average shares outstanding were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic weighted average shares outstanding		2,760,052		2,718,066		2,751,330		2,705,121
Dilutive effect of outstanding stock options and non-vested restricted stock units		175,619		152,782		170,783		182,192
Diluted weighted average shares outstanding		2,935,671		2,870,848		2,922,113		2,887,313