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Note 11 - Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

11)

EARNINGS PER SHARE

 

In the three and nine months ended September 30, 2023 and 2022, FutureFuel used the treasury method in computing earnings per share.

 

Basic and diluted earnings per common share were computed as follows:  

 

  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 
  

2023

  

2022

  

2023

  

2022

 

Numerator:

                

Net income

 $2,776  $15,780  $13,998  $278 

Denominator:

                

Weighted average shares outstanding – basic

  43,763,243   43,763,243   43,763,243   43,763,243 

Effect of dilutive securities:

                

Stock options and other awards

  2,466   -   1,920   - 

Weighted average shares outstanding – diluted

  43,765,709   43,763,243   43,765,163   43,763,243 
                 

Basic earnings per share

 $0.06  $0.36  $0.32  $0.01 

Diluted earnings per share

 $0.06  $0.36  $0.32  $0.01 


For the three and nine months ended September 30, 2023, 41,534 and 42,080 options to purchase FutureFuel’s common stock were excluded, respectively, in the computation of diluted earnings per share as all were anti-dilutive. In the three and nine months ended September 30, 2022, 44,000 and 30,667 options were excluded, respectively.