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Note 9 - Earnings per Share
 9 Months Ended
Sep. 30, 2025
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  September 30, 2025 and  September 30, 2024 totaled approximately 62 thousand and 152 thousand, respectively.

 

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

 

   

Three months ended

    

Nine months ended

  

(in thousands)

  

September 30, 2025

    

September 30, 2024

    

September 30, 2025

    

September 30, 2024

  

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

     13,959       13,834       13,941       13,817  

Dilutive effects of unvested restricted stock and stock options

     17       -       21       90  

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

     13,976       13,834       13,962       13,907