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Note 3 - Income (Loss) Per Share

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

3. Income (loss) per share

For the years ended December 31, 2022 and 2021 basic and diluted income (loss) per share was as follows:

		*Year Ended December 31,*
(In thousands, except share data)		*2022*				*2021*
Numerator:
Net loss		$	(123,332	)		$	(10,059	)
Denominator:
Weighted average shares outstanding			79,709,212				78,139,517
Weighted average restricted shares vested not delivered			1,703,383				1,837,796
Total basic weighted average shares outstanding			81,412,595				79,977,313
Dilutive effect of assumed conversion of restricted stock units			—				—
Dilutive effect of assumed conversion of stock options			—				—
Total diluted weighted average shares outstanding			81,412,595				79,977,313
Basic and diluted income (loss) per share:
Basic		$	(1.51	)		$	(0.13	)
Diluted		$	(1.51	)		$	(0.13	)

Based on exercise prices compared to the average stock prices for the years ended December 31, 2022 and 2021, certain stock equivalents, including stock options and warrants, have been excluded from the diluted weighted average share calculations due to their anti-dilutive nature.

		*Year Ended December 31,*
		*2022*				*2021*
Restricted stock units			4,223,156				3,111,320
Stock options			2,139,000				2,204,000
Warrants			—				833,333
Total anti-dilutive securities			6,362,156				6,148,653