Note 6 - Per Share Amounts

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 6.    Per Share Amounts

Per share information has been computed based on the weighted average number of common shares and dilutive common share equivalents outstanding. The Company calculates diluted shares using the treasury stock method. The computation for the three-month periods ended March 31, 2024 and 2023 excluded approximately 138,000 and 6,000, respectively, of the Company’s stock options because the exercise price of the options was higher than the average market price during the period. The weighted average common shares outstanding for basic earnings per share for the three-month periods ended March 31, 2024 and 2023 included approximately 123,000 and 123,000, respectively, of the Company's restricted stock awards that are fully vested but are deferred for issuance. 

The following table sets forth the computation of basic and diluted earnings per share for the three-month periods ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
Net income attributable to American Shared Hospital Services	$	119,000	$	188,000
Weighted average common shares for basic earnings per share		6,452,000		6,306,000
Dilutive effect of stock options and restricted stock awards		124,000		166,000
Weighted average common shares for diluted earnings per share		6,576,000		6,472,000
Basic earnings per share	$	0.02	$	0.03
Diluted earnings per share	$	0.02	$	0.03