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Note 13 - Shares Outstanding and Earnings Per Share
6 Months Ended
Jun. 30, 2024
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)

 

2024

  

2023

  

2024

  

2023

 

Weighted average basic shares outstanding

  11,662   11,569   11,663   11,570 

Assumed exercise of stock options and issuance of stock awards

  -   3   -   2 

Weighted average diluted shares outstanding

  11,662   11,572   11,663   11,572 

Net income

 $7,660  $15,019  $16,357  $24,891 

Basic earnings per share

 $0.66  $1.30  $1.40  $2.15 

Diluted earnings per share

 $0.66  $1.30  $1.40  $2.15 

Unvested RSs and RSUs

  164   226   164   226