|
NOTE 4. NET INCOME PER SHARE
Net income per basic share is computed based on the weighted-average number of common shares issued and outstanding during each period. Net income per diluted share amounts assume exercise of all stock options. The following tables show the components of diluted shares:
| | | Quarter Ended June 30 | |
| | | 2021 | | | 2020 | |
| Weighted average common shares outstanding – basic | | | 4,833,232 | | | | 4,835,038 | |
| Dilutive effect of stock options | | | 3,589 | | | | 119 | |
| Shares used in computing net income per share – diluted | | | 4,836,821 | | | | 4,835,157 | |
|