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Note 13 - Shares Outstanding and Earnings Per Share
6 Months Ended
Jun. 30, 2022
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)

 

2022

   

2021

   

2022

   

2021

 

Weighted average basic shares outstanding

    11,538       11,492       11,536       11,491  

Assumed exercise of stock options and issuance of stock awards

    7       12       4       10  

Weighted average diluted shares outstanding

    11,545       11,504       11,540       11,501  

Net income (loss)

  $ 37,624     $ 29,649     $ 74,926     $ 51,657  

Basic earnings per share

  $ 3.26     $ 2.58     $ 6.49     $ 4.50  

Diluted earnings per share

  $ 3.26     $ 2.58     $ 6.49     $ 4.49  

Unvested RSUs

    196       210       196       210