XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 15 - Earnings Per Share | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Earnings Per Share [Text Block] | 15. Earnings (Loss) Per Share Basic earnings (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of common shares, using the two‑class method. As the Company has granted RSUs that both participate in dividend equivalents and do not participate in dividend equivalents, the Company has calculated earnings (loss) per share pursuant to the two‑class method, which is an earnings allocation formula that determines earnings (loss) per share for common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends. Diluted net earnings (loss) per share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of common stock and dilutive common stock outstanding during the period. Potential common shares in the diluted net earnings per share computation are excluded to the extent that they would be anti-dilutive. Weighted average of potentially dilutive non-participating RSU’s were 25,565 in the year ended December 31, 2020.
|  | 2022 |  |  | 2021 |  |  | 2020 |
Basic earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 38,609 |  |  | $ | 30,691 |  |  | $ | (86,553 | )
Less income allocated to participating securities |  |  | 741 |  |  |  | 503 |  |  |  | - |
Net income (loss) allocated to common shareholders |  | $ | 37,868 |  |  | $ | 30,188 |  |  | $ | (86,553 | )
Weighted average common shares outstanding |  |  | 22,915,543 |  |  |  | 22,954,523 |  |  |  | 22,846,467 |
|  | $ | 1.65 |  |  | $ | 1.31 |  |  | $ | (3.81 | )
Earnings (loss) per common share assuming dilution |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 38,609 |  |  | $ | 30,691 |  |  | $ | (86,553 | )
Less income allocated to participating securities |  |  | 741 |  |  |  | 503 |  |  |  | - |
Net income (loss) allocated to common shareholders |  | $ | 37,868 |  |  | $ | 30,188 |  |  | $ | (86,553 | )
Weighted average common shares outstanding |  |  | 22,915,543 |  |  |  | 22,954,523 |  |  |  | 22,846,467 |
Incremental shares applicable to stock based compensation |  |  | 1,281 |  |  |  | 10,209 |  |  |  | - |
Weighted average common shares assuming dilution |  |  | 22,916,824 |  |  |  | 22,964,732 |  |  |  | 22,846,467 |
|  | $ | 1.63 |  |  | $ | 1.29 |  |  | $ | (3.81 | )

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration