Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
NOTE E - EARNINGS PER SHARE

Basic Earnings per share is calculated by dividing the net income by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options, warrants and restricted stock units. Potential shares of 2,068,750 and 2,788,750 at March 31, 2019 and March 31, 2018, respectively, consisted of options and restricted stock units.  Computations of basic and diluted weighted average common shares outstanding were as follows:

 

   

Three Months Ended

March 31,

 
    2019     2018  
Weighted-average common shares outstanding – basic     23,745,848       23,807,014  
Dilutive effect of options, warrants and restricted stock units           1,804,483  
Weighted-average common shares outstanding – diluted     23,745,848       25,611,497  
Options and restricted stock units excluded from the computation of diluted income per share because the effect of inclusion would have been anti-dilutive     2,068,750