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Note 3 - Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

3. Income (loss) per share

 

For the years ended  December 31, 2023 and 2022 basic and diluted income (loss) per share was as follows: 

 

  

Year Ended December 31,

 

(In thousands, except share data)

 

2023

  

2022

 

Numerator:

        

Net loss

 $(63,218) $(123,332)

Denominator:

        

Weighted average shares outstanding

  80,907,297   79,709,212 

Weighted average restricted shares vested not delivered

  1,714,834   1,703,383 

Total basic weighted average shares outstanding

  82,622,131   81,412,595 

Dilutive effect of assumed conversion of restricted stock units

  —   — 

Dilutive effect of assumed conversion of stock options

  —   — 

Total diluted weighted average shares outstanding

  82,622,131   81,412,595 

Basic and diluted loss per share:

        

Basic

 $(0.77) $(1.51)

Diluted

 $(0.77) $(1.51)

 

Based on exercise prices compared to the average stock prices for the years ended December 31, 2023 and 2022, certain stock equivalents, including restricted stock units and stock options, have been excluded from the diluted weighted average share calculations due to their anti-dilutive nature.

 

  

Year Ended December 31,

 
  

2023

  

2022

 

Restricted stock units

  4,389,001   4,223,156 

Stock options

  1,814,000   2,139,000 

Total anti-dilutive securities

  6,203,001   6,362,156