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Note 3 - Earnings Per Share
 9 Months Ended
Sep. 30, 2024
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 nine months ended September 30, 2024 and 2023, as follows: 

 

  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2024

  

2023

  

2024

  

2023

 

Basic earnings per share calculation:

                

Net income

 $74  $4,394  $2,066  $6,578 

Weighted average number of common shares outstanding

  22,028,854   21,336,957   21,803,073   21,100,876 

Basic net income per share

 $0.00  $0.21  $0.09  $0.31 

Diluted earnings per share calculation:

                

Net income

 $74  $4,394  $2,066  $6,578 

Weighted average number of common shares outstanding

  22,028,854   21,336,957   21,803,073   21,100,876 

Common stock equivalents:

                

Non-vested stock awards

  71,582   237,054   100,741   350,197 

Weighted average number of common shares outstanding

  22,100,436   21,574,011   21,903,814   21,451,073 

Diluted net income per share

 $0.00  $0.20  $0.09  $0.31