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Note 16 - Earnings (Loss) Per Share | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE 16 EARNINGS (LOSS) PER SHARE The following table sets forth the reconciliation of numerators and denominators for the basic and diluted earnings (loss) per share computation for the years ended December 31, 2023 and December 31, 2022:
(in thousands, except per share data) |  | Years ended December 31, |
|  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 25,550 |  |  | $ | 30,132 |
(Less) plus: net (income) loss from continuing operations attributable to noncontrolling interests |  |  | (453 | ) |  |  | 1,471 |
Less: dividends on preferred stock, net of tax |  |  | (74 | ) |  |  | (306 | )
Numerator used in calculating basic earnings per share from continuing operations attributable to common shareholders |  | $ | 25,023 |  |  | $ | 31,297 |
Adjustment to add-back dividends on preferred stock |  |  | 74 |  |  |  | 306 |
Adjustment for proportionate interest in subsidiaries' (loss) earnings attributable to common stock |  |  | (6 | ) |  |  | 76 |
Numerator used in calculating diluted earnings per share from continuing operations attributable to common shareholders |  | $ | 25,091 |  |  | $ | 31,679 |
Loss from discontinued operations |  |  | (1,538 | ) |  |  | (15,067 | )
Plus: net loss from discontinued operations attributable to noncontrolling interests |  |  | — |  |  |  | 8,186 |
Numerator used in calculating diluted earnings per share - net income attributable to common shareholders |  | $ | 23,553 |  |  | $ | 24,798 |
Denominator: |  |  |  |  |  |  |  |
Weighted average basic shares |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 25,713 |  |  |  | 22,961 |
Weighted average diluted shares |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 25,713 |  |  |  | 22,961 |
Effect of potentially dilutive securities (a) |  |  |  |  |  |  |  |
Unvested restricted stock awards |  |  | 735 |  |  |  | 596 |
Warrants |  |  | — |  |  |  | 811 |
Convertible preferred stock |  |  | — |  |  |  | 936 |
Total weighted average diluted shares |  |  | 26,448 |  |  |  | 25,304 |
Basic earnings (loss) attributable to common shareholders: |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.97 |  |  | $ | 1.36 |
Discontinued operations |  | $ | (0.06 | ) |  | $ | (0.30 | )
Basic earnings per share - net income attributable to common shareholders |  | $ | 0.91 |  |  | $ | 1.06 |
Diluted earnings (loss) attributable to common shareholders: |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.95 |  |  | $ | 1.25 |
Discontinued operations |  | $ | (0.06 | ) |  | $ | (0.27 | )
Diluted earnings per share - net income attributable to common shareholders |  | $ | 0.89 |  |  | $ | 0.98 |
| (a) | Potentially dilutive securities consist of unvested restricted stock awards and warrants, calculated using the treasury stock method, and convertible preferred stock, using the if-converted method.
Basic earnings (loss) per share excludes dilution and is computed by dividing income attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated using weighted-average diluted shares. Weighted-average diluted shares is calculated by adding the effect of potentially dilutive securities to weighted-average common shares outstanding. Potentially dilutive securities are excluded from the diluted earnings (loss) per share computation in loss periods and when the applicable exercise price is greater than the market price on the period end date as their effect would be anti-dilutive. The following weighted-average potentially dilutive securities are not included in the diluted earnings (loss) per share calculations above because they would have had an antidilutive effect on the earnings (loss) per share:
|  | Years ended December 31, |
|  | 2023 |  |  | 2022 |
Unvested restricted stock awards |  |  | — |  |  |  | 25,111 |
Warrants |  |  | — |  |  |  | — |
Convertible preferred stock |  |  | — |  |  |  | — |
Total |  |  | — |  |  |  | 25,111 |

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