Note 3. Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings per share

Reconciliation of basic and diluted weighted average common shares

	Third Quarter		First Nine Months
	2016	2015	2016	2015
Basic earnings per share:
Weighted average common shares ......................................................	1,215,296	1,263,320	1,227,624	1,655,532
Diluted earnings per share:
Weighted average common shares ......................................................	1,215,296	1,263,320	1,227,624	1,655,532
Dilutive effect of stock awards ..........................................................	-	2,008	1,311	2,254
Weighted average common and incremental shares ............................	1,215,296	1,265,328	1,228,935	1,657,786
Number of share-based awards excluded from the calculation of earning per share (shares were anti-dilutive due to the Company's net loss in the third quarter of 2016) ................................................................................	3,177	-	-	-

Summary of outstanding shares

	September 30, 2016	December 31, 2015
Common stock authorized ............................................................................................................	2,500,000	2,500,000
Common stock issued ...................................................................................................................	2,142,202	2,142,202
Treasury stock held by the Company ..........................................................................................	(75,237)	(75,511)
Outstanding shares ........................................................................................................................	2,066,965	2,066,691
Proportional ownership of the Company's common stock in investment partnerships...................	(861,028)	(807,069)
Net outstanding shares for financial reporting purposes ..............................................................	1,205,937	1,259,622