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Note 10 - Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

10. EARNINGS PER SHARE

 

Basic earnings per share ("EPS") is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted EPS computation includes common share equivalents, when dilutive.

 

A reconciliation of the shares used in the basic and diluted income per common share computation for the three and six months ended June 30, 2025 and 2024 is as follows:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 

(shares in thousands)

 

2025

  

2024

  

2025

  

2024

 
                 

Basic - weighted average shares outstanding

  7,461   7,429   7,460   7,423 

Dilutive restricted share units(1)

  26   -   24   18 

Dilutive stock options(1)

  6   -   9   25 

Diluted - weighted average shares outstanding

  7,493   7,429   7,493   7,466 

Anti-dilutive securities

  179   54   179   103 

 

(1)Due to a net loss for the three months ended June 30, 2024, zero dilutive restricted share units and stock options are included for the period because the effect would be anti-dilutive.