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Note 19 - Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

19.

Earnings (loss) per share

 

Basic earnings (loss) 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 (loss) per share attributable to Company stockholders for the three months ended March 31, 2025 and 2024, respectively, are as follows (in thousands):

 

  

Three Months Ended March 31,

 
  

2025

  

2024

 

Net income (loss)

 $13,948  $(2,677)
         

Basic weighted average number of shares outstanding

  116,218   110,176 

Effect of dilutive securities:

        

Unvested restricted stock units

  693   - 

ESPP shares

  18   - 

Diluted weighted average number of shares outstanding

  116,929   110,176 
         

Total basic earnings (loss) per share

 $0.12  $(0.02)

Total diluted earnings (loss) per share

 $0.12  $(0.02)

 

For the three months ended March 31, 2025, approximately 2.0 million outstanding equity awards were excluded because the exercise price exceeded the average market price of the Company's common stock. For the three months ended March 31, 2024 the Company excluded all outstanding equity awards from the computation of diluted loss per share because their effect is antidilutive.