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Note 11 - Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

11. NET INCOME PER SHARE

 

The calculation of net income per common share for the three months ended March 31, 2024 and 2023 are presented below. Dilutive securities consist of unvested restricted stock units ("RSUs") deemed outstanding using the treasury method.  RSUs excluded from dilutive securities under the treasury method were 11,953 shares and 105,843 shares at  March 31, 2024 and 2023, respectively. In addition, stock options of 2,074,505 and stock appreciation rights of 658,437 were excluded from diluted securities, as the exercise price exceeds the market price and inclusion would have had an anti-dilutive effect at both March 31, 2024 and 2023.

 

  

Three Months Ended

 
  

March 31,

 
  

2024

  

2023

 

Weighted average shares:

        

Basic weighted average number of common shares outstanding

  18,578,815   18,426,408 

Dilutive securities

  1,996   91,509 

Total shares including dilutive securities

  18,580,811   18,517,917 
         

Net income

 $1,469  $1,084 
         

Net income per common share:

        

Basic net income per common share

 $0.08  $0.06 

Diluted net income per common share

 $0.08  $0.06