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Note 5 - Stockholders' Equity and Dilutive Equity Instruments
 9 Months Ended
Sep. 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 nine months ended September 30, 2021 and 2020 are as follows:

 

  

Three Months Ended

 

(In thousands)

 

September 30, 2021

  

September 30, 2020

 

Balance at June 30, 2021 and 2020

 $(1,082) $581 

Pension benefits recognized in OCI

  (207)  525 

Balance at September 30, 2021 and 2020

 $(1,289) $1,106 

 

  

Nine Months Ended

 

(In thousands)

 

September 30, 2021

  

September 30, 2020

 

Balance at December 31, 2020 and 2019

 $(804) $(236)

Pension benefits recognized in OCI

  (485)  1,342 

Balance at September 30, 2021 and 2020

 $(1,289) $1,106 

 

Dilutive Equity Instruments

 

We had 2,648,775 and 2,488,752 incremental "in-the-money" warrants, restricted stock units and stock options at September 30, 2021 and 2020, respectively, which are as follows:

 

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

 

September 30, 2021

  

September 30, 2020

 

Common shares outstanding

  41,277,377   40,460,982 

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

  635,663   761,395 

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

  565,155   930,027 

Restricted stock units and stock options

  1,447,957   797,330 

Total

  43,926,152   42,949,734 

 

We also had 5,923,399 shares of “out-of-the-money” warrants outstanding at both September 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.