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Note 16 - Shares Outstanding and Earnings Per Share
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

16.

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 years ended December 31,

 

(in thousands, except per share data)

 

2021

  

2020

  

2019

 
             

Weighted average basic shares outstanding

  11,492   11,447   11,509 

Assumed exercise of stock options and issuance of stock awards

  11   -   - 

Weighted average diluted shares outstanding

  11,503   11,447   11,509 
             

Net income (loss)

 $121,051  $(5,595) $3,856 
             

Basic earnings (loss) per share

 $10.53  $(0.49) $0.34 

Diluted earnings (loss) per share

 $10.52  $(0.49) $0.34 
             

Unvested RSUs

  206   235   216