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Note 13 - Shares Outstanding and Earnings Per Share
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

13.

 Shares Outstanding and Earnings Per Share:

 

Earnings per share have been calculated based on the weighted average number of shares outstanding as set forth below:

 

  

For the Three Months Ended

  

For the Six Months Ended

 
  

June 30,

  

June 30,

 

(in thousands, except per share data)

 

2021

  

2020

  

2021

  

2020

 

Weighted average basic shares outstanding

  11,492   11,446   11,491   11,445 

Assumed exercise of stock options and issuance of stock awards

  12   -   10   - 

Weighted average diluted shares outstanding

  11,504   11,446   11,501   11,445 

Net income (loss)

 $29,649  $(6,454) $51,657  $(5,861)

Basic earnings per share

 $2.58  $(0.56) $4.50  $(0.51)

Diluted earnings per share

 $2.58  $(0.56) $4.49  $(0.51)

Unvested RSUs

  210   236   210   236