XML 24 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Note H - Earnings Per Share
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE H: EARNINGS PER SHARE

Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive restricted stock. The computation of diluted earnings per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on earnings per share. The computations of basic and diluted earnings per share were as follows:

 

  

Three Months Ended

 
  

March 31,

 
  

2021

  

2020

 
  

(in thousands, except per share data)

 

Net income/(loss)

 $11,949  $(1,304)
         

Basic weighted average common shares outstanding

  5,725   5,746 

Dilutive effect of common stock equivalents

  26   - 

Diluted weighted average common shares outstanding

  5,751   5,746 
         

Basic (loss)/earnings per share

 $2.09  $(0.23)

Diluted (loss)/earnings per share

 $2.08  $(0.23)