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Note 21 - Earnings per Share
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]
21.Earnings per share

 

Basic earnings (loss) per share attributable to Company stockholders is calculated by dividing net income (loss) attributable to the Company by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share attributable to Company stockholders is computed giving effect to all potential dilutive common stock, unless there is a net loss for the period. We apply the treasury stock method to determine the dilutive weighted average common shares represented by unvested restricted stock units, stock options and ESPP shares.

 

The calculation of basic and diluted earnings (loss) per share attributable to the Company stockholder for years ended  December 31, 2025, 2024 and 2023 respectively, are as follows (in thousands, except shares outstanding and per share amounts):

 

  

Year Ended December 31,

 
  

2025

  

2024

  

2023

 

Net income (loss)

 $51,686  $51,918  $(23,360)
             

Basic weighted average number of shares outstanding

  114,997   114,762   109,161 

Effect of dilutive securities:

            

Unvested restricted stock units

  717   797   - 

ESPP shares

  35   11   - 

Stock options

  -   260   - 

Diluted weighted average number of shares outstanding

  115,749   115,830   109,161 
             

Total basic earnings (loss) per share

 $0.45  $0.45  $(0.21)

Total diluted earnings (loss) per share

 $0.45  $0.45  $(0.21)

 

For the years ended December 31, 2025 and 2024, approximately 4.9 million and 1.8 million outstanding equity awards, respectively, were excluded because the exercise price exceeded the average market price of the Company's common stock. For the years ended December 31, 2023, the Company excluded all outstanding equity awards from the computation of diluted loss per share because their effect is antidilutive.