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

Note 9 - Earnings per Share

 

We calculate basic earnings per share by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding. We do not include the impact of any potentially dilutive common stock equivalents in our basic earnings per share calculations. Diluted earnings per share reflect the potential dilution of securities that could share in our earnings through the conversion of common shares issuable via outstanding stock options and unvested restricted shares, except where their inclusion would be anti-dilutive. Outstanding common stock equivalents at  June 30, 2024 and  June 30, 2023 totaled approximately 152 thousand and 175 thousand, respectively.

 

We use the treasury stock method to calculate the diluted common shares outstanding which were as follows (in thousands):

 

  

Three months ended

  

Six months ended

 
  

June 30, 2024

  

June 30, 2023

  

June 30, 2024

  

June 30, 2023

 

Weighted average number of common shares used in basic net income per common share

  13,818   13,720   13,809   13,699 

Dilutive effects of unvested restricted stock and stock options

  68   97   80   80 

Weighted average number of common shares used in diluted net income per common share

  13,886   13,817   13,889   13,779