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Note 12 - Net Income Per Share
 9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

12. NET INCOME PER SHARE

 

The calculation of net income per common share for the three and nine months ended September 30, 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 5,059 shares at  September 30, 2024. 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  September 30, 2024.

 

  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2024

  

2023

  

2024

  

2023

 

Weighted average shares:

                

Basic weighted average number of common shares outstanding

  18,585,014   18,518,915   18,582,970   18,470,423 

Dilutive securities (1)

  8,530   —   8,530   — 

Total shares including dilutive securities

  18,593,544   18,518,915   18,591,500   18,470,423 
                 

Net income (loss)

 $997  $(207) $2,493  $(1,297)
                 

Net income (loss) per common share:

                

Basic net income (loss) per common share

 $0.05  $(0.01) $0.13  $(0.07)

Diluted net income (loss) per common share

 $0.05  $(0.01) $0.13  $(0.07)

 

 

 

(1)

The Company had no dilutive securities for the three and nine months ended September 30, 2023 since the Company incurred net losses for these periods and inclusion would be anti-dilutive.