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Note 13 - Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
13
.
Net
Income (
Loss
)
per Share
 
Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by giving effect to all potential shares of common stock, including stock options, restricted stock units and performance share awards, to the extent dilutive. Performance-based performance share awards are considered dilutive when the related performance conditions have been met assuming the end of the reporting period represents the end of the performance period. In periods with a net loss from continuing operations, all potential shares of common stock are excluded from the computation of diluted net loss per share as the impact would be antidilutive.
 
Net income (loss) per basic and diluted weighted-average common share outstanding was calculated as follows (in thousands, except per share amounts):
 
   
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
   
2018
   
2017
   
2018
   
2017
 
                                 
Income (loss) from continuing operations
  $
27,801
    $
(1,587
)   $
20,164
    $
(6,550
)
Loss on discontinued operations
   
-
     
(482
)    
-
     
(1,455
)
Net income (loss)
  $
27,801
    $
(2,069
)   $
20,164
    $
(8,005
)
                                 
Basic weighted-average common shares outstanding
   
9,735
     
9,620
     
9,723
     
9,611
 
Effect of potentially dilutive common shares
(1)
   
-
     
-
     
9
     
-
 
Diluted weighted-average common shares outstanding
   
9,735
     
9,620
     
9,732
     
9,611
 
                                 
Income (loss) per basic common share:
                               
Continuing operations
  $
2.86
    $
(0.16
)   $
2.07
    $
(0.68
)
Discontinued operations
   
-
     
(0.05
)    
-
     
(0.15
)
Net income (loss) per share
  $
2.86
    $
(0.21
)   $
2.07
    $
(0.83
)
                                 
Income (loss) per diluted common share:
                               
Continuing operations
  $
2.86
    $
(0.16
)   $
2.07
    $
(0.68
)
Discontinued operations
   
-
     
(0.05
)    
-
     
(0.15
)
Net income (loss) per share assuming dilution
  $
2.86
    $
(0.21
)   $
2.07
    $
(0.83
)
 
 
(
1
)
The weighted-average number of such antidilutive shares
not
included in the computation of diluted net income per share for the
three
and
nine
months ended
September 
30,
2018
was approximately 
64,000
and
62,000,
respectively, including approximately 
40,000
and
38,000,
respectively, of performance-based share awards, at the target level of
100%,
that were
not
included because the performance conditions had
not
been met as of
September 
30,
2018.
The weighted-average number of such antidilutive shares
not
included in the computation of diluted net loss per share for the
three
and
nine
months ended
September 
30,
2017
was approximately 
194,000
and
195,000,
respectively.