NOTE D - EARNINGS PER SHARE
Basic and diluted earnings per share for the three and six months ended March 31, 2021 and 2020 were calculated by dividing net income by the weighted-average number of shares outstanding for the period considering the effect of dilutive equity options and stock awards for the diluted earnings per share calculations.
| Three Months | Six Months | |||||||||||||||
| Ended March 31, | Ended March 31, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| (In thousands except for per share data) | ||||||||||||||||
| Income applicable to common shares | $ | 1,506 | $ | 305 | $ | 2,843 | $ | 858 | ||||||||
| Weighted average number of common shares | ||||||||||||||||
| outstanding - basic | 5,811 | 5,820 | 5,811 | 5,821 | ||||||||||||
| Stock options and restricted stock | — | — | — | — | ||||||||||||
| Weighted average number of common shares | ||||||||||||||||
| and common share equivalents - diluted | 5,811 | 5,820 | 5,811 | 5,821 | ||||||||||||
| Basic earnings per share | $ | 0.26 | $ | 0.05 | $ | 0.49 | $ | 0.15 | ||||||||
| Diluted earnings per share | $ | 0.26 | $ | 0.05 | $ | 0.49 | $ | 0.15 | ||||||||
There were no outstanding stock awards or options to purchase common stock at March 31, 2021 and 2020.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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