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Note 13 - Shares Outstanding and Earnings Per Share
6 Months Ended
Jun. 30, 2025
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)

 

2025

  

2024

  

2025

  

2024

 

Weighted average basic shares outstanding

  11,742   11,662   11,736   11,663 

Assumed exercise of stock options and issuance of stock awards

  22   -   23   - 

Weighted average diluted shares outstanding

  11,764   11,662   11,759   11,663 

Net income

 $5,237  $7,660  $7,746  $16,357 

Basic earnings per share

 $0.45  $0.66  $0.66  $1.40 

Diluted earnings per share

 $0.45  $0.66  $0.66  $1.40 

Unvested RSs and RSUs

  138   164   138   164