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Note 3 - Earnings Per Share
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 3 — EARNINGS PER SHARE 

 

The following table presents a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2021 and 2020, as follows: 

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2021

  

2020

  

2021

  

2020

 

Basic earnings per share calculation:

                

Net income

 $10,252  $529  $9,042  $1,482 

Weighted average number of common shares outstanding

  18,760,910   16,760,702   17,973,896   16,678,469 

Basic net income per share

 $0.55  $0.03  $0.50  $0.09 

Diluted earnings per share calculation:

                

Net income

 $10,252  $529  $9,042  $1,482 

Weighted average number of common shares outstanding

  18,760,910   16,760,702   17,973,896   16,678,469 

Common stock equivalents:

                

Non-vested stock awards

  639,150   363,917   889,874   255,336 

Weighted average number of common shares outstanding

  19,400,060   17,124,619   18,863,770   16,933,805 

Diluted net income per share

 $0.53  $0.03  $0.48  $0.09 

 

 

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