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Note 19 - Earnings Per Share
 6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

19.

Earnings per share

 

Basic earnings per share attributable to Company stockholders is calculated by dividing net income attributable to the Company by the weighted-average number of common shares outstanding for the period. Diluted earnings per share attributable to Company stockholders is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding, assuming all potentially dilutive shares were issued. We apply the treasury stock method to determine the dilutive weighted average common shares represented by unvested restricted stock units, stock options and Employee Stock Purchase Program (“ESPP”) shares.

 

The calculation of basic and diluted earnings per share attributable to Company stockholders for the three and six months ended  June 30, 2023 and 2022, respectively, are as follows (in thousands):

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2023

  

2022

  

2023

  

2022

 

Net income (loss)

 $9,295  $(4,350) $2,944  $(15,482)
                 

Basic weighted average number of shares outstanding

  108,663   109,582   108,758   109,425 

Effect of dilutive securities:

                

Unvested restricted stock units

  386   -   612   - 

ESPP shares

  7   -   5   - 

Stock options

  326   -   601   - 

Diluted weighted average number of shares outstanding

  109,382   109,582   109,976   109,425 
                 

Total basic earnings (loss) per share

 $0.09  $(0.04) $0.03  $(0.14)

Total diluted earnings (loss) per share

 $0.08  $(0.04) $0.03  $(0.14)