XML 23 R11.htm IDEA: XBRL DOCUMENT

Note 2 - Income Per Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 2.

Income Per Share

Basic income per share excludes dilution and is computed by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted income per share reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in our earnings. Income per share is the same for both Class A and Class B shares.

The following table sets forth, for the periods indicated, the calculation of net income per share included in the condensed consolidated statements of operations:

(in thousands except per share data)		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2025				2024				2025				2024
Numerators:
Income from continuing operations		$	6,264			$	12,883			$	22,667			$	28,752
Income from discontinued operations			2,829				150				2,829				450
Net income		$	9,093			$	13,033			$	25,496			$	29,202
Denominator:
Denominator for basic income per share – weighted-average shares			25,030				26,354				25,872				26,274
Effect of dilutive securities:
Equivalent shares issuable upon conversion of unvested restricted shares			120				150				137				142
Equivalent shares issuable upon conversion of unvested employee stock options			1,151				1,298				1,147				1,238
Denominator for diluted income per share adjusted weighted-average shares and assumed conversions			26,301				27,802				27,156				27,654

Basic income per share⁽¹⁾:
Income from continuing operations		$	0.25			$	0.49			$	0.88			$	1.09
Income from discontinued operations			0.11				0.01				0.11				0.02
Net income per share		$	0.36			$	0.49			$	0.99			$	1.11
Diluted income per share: ⁽¹⁾
Income from continuing operations		$	0.24			$	0.46			$	0.83			$	1.04
Income from discontinued operations			0.11				0.01				0.10				0.02
Net income per share		$	0.35			$	0.47			$	0.94			$	1.06

⁽¹⁾	Total may not sum due to rounding.

There were no unvested shares excluded from the calculation of diluted earnings per share as anti-dilutive for the three and nine months ended September 30, 2025 and 2024. There were no unvested employee stock options excluded from the calculation of diluted earnings per share as anti-dilutive for the three and nine months ended September 30, 2025 and 2024.