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Note 10 - Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

10)

EARNINGS PER SHARE

 

In the three and nine months ended September 30, 2024 and 2023, 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,

 
  

2024

  

2023

  

2024

  

2023

 

Numerator:

                

Net (loss) income

  

$ (1,195)

   

$ 2,776

   

$ 12,706

   

$ 13,998

 

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

  

43,763,243

   

43,765,709

   

43,763,243

   

43,765,163

 
                 

Basic (loss) earnings per share

  

$ (0.03)

   

$ 0.06

   

$ 0.29

   

$ 0.32

 

Diluted (loss) earnings per share

  

$ (0.03)

   

$ 0.06

   

$ 0.29

   

$ 0.32

 


For each of the three and nine months ended September 30, 2024, 44,000 options to purchase FutureFuel’s common stock were excluded in the computation of diluted earnings per share as all were anti-dilutive. In the three and nine months ended September 30, 2023, 41,534 and 42,080 options, respectively, were excluded as all were anti-dilutive.