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Note 11 - Share-based Compensation

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Text Block]

NOTE 11 — SHARE-BASED COMPENSATION

There was no stock option activity during the six months ended June 30, 2021 and no stock options were outstanding as of June 30, 2021.

The following table summarizes the Company’s restricted stock unit and performance award activity during the six months ended June 30, 2021:

				*Weighted Average*
	*Number of*			*Grant-Date Fair Value*
	*Shares*			*Per Share*
Unvested as of December 31, 2020		1,332,884		$	1.86
Granted		393,592		$	4.82
Vested		(682,411	)	$	1.93
Unvested as of June 30, 2021		1,044,065		$	2.75

Under certain situations, shares are withheld from issuance to cover taxes for the vesting of restricted stock units and performance awards. For the six months ended June 30, 2021, 230,213 of such shares were withheld to cover $1,491 of tax obligations.

The following table summarizes share-based compensation expense included in the Company’s condensed consolidated statements of operations for the six months ended June 30, 2021 and 2020, as follows:

	*Six Months Ended June 30,*
	*2021*		*2020*
Share-based compensation expense:
Cost of sales	$	76	$	54
Selling, general and administrative		588		502
Net effect of share-based compensation expense on net income	$	664	$	556
Reduction in earnings per share:
Basic earnings per share	$	0.04	$	0.03
Diluted earnings per share	$	0.04	$	0.03