XML 29 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Note 5 - Stockholders' Equity and Dilutive Equity Instruments
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

(5)

STOCKHOLDERS' EQUITY AND DILUTIVE EQUITY INSTRUMENTS

 

Accumulated Other Comprehensive Income (Loss)

 

The changes in accumulated other comprehensive income (loss) (OCI) by component, net of tax, for the three and six months ended June 30, 2021 and 2020 are as follows:

 

  

Three Months Ended

 
  

June 30,

  

June 30,

 

(In thousands)

 

2021

  

2020

 

Balance at March 31, 2021 and 2020

 $(875) $133 

Pension benefits recognized in OCI

  (207)  448 

Balance at June 30, 2021 and 2020

 $(1,082) $581 

 

  

Six Months Ended

 
  

June 30,

  

June 30,

 

(In thousands)

 

2021

  

2020

 

Balance at December 31, 2020 and 2019

 $(804) $(236)

Pension benefits recognized in OCI

  (278)  817 

Balance at June 30, 2021 and 2020

 $(1,082) $581 

 

Dilutive Equity Instruments

 

We had 2,932,590 and 2,402,241 incremental "in-the-money" warrants, restricted stock units and stock options at June 30, 2021 and 2020, respectively, which are as follows:

 

Total shares outstanding including warrants, restricted stock units and stock options

 

June 30, 2021

  

June 30, 2020

 

Common shares outstanding

  41,000,575   40,335,963 

New creditor warrants (strike price $0.001 per common share)

  639,354   817,742 

GulfMark creditor warrants (strike price $0.01 per common share)

  669,601   952,154 

Restricted stock units and stock options

  1,623,635   632,345 

Total

  43,933,165   42,738,204 

 

We also had 5,923,399 shares of “out-of-the-money” warrants outstanding at both June 30, 2021 and 2020. Included in these “out-of-the-money” warrants are Series A Warrants, Series B Warrants and GLF Equity Warrants which have exercise prices of $57.06, $62.28, and $100.00, respectively. No warrants or restricted stock units, whether in the money or out of the money, are included in our loss per share calculations because the effect of such inclusion is antidilutive.