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Note 2 - Earnings (Loss) per Share
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

2.

Earnings (Loss) per Share

 

Basic earnings (loss) per share (EPS) is calculated by dividing net income (loss) by the number of weighted average shares of common stock outstanding during the period. The calculation of diluted earnings per share assumes conversion of stock options and restricted stock units into common stock using the treasury method.

 

The following table summarizes the calculation of basic and diluted net income (loss) per share of common stock:

 

   

Three Months Ended March 31,

 

(in thousands, except per share data)

  

2024

    

2023

  

Net (loss) income

   $ (4,694 )   $ 622  

Weighted average shares outstanding - basic

     43,402       42,119  

Dilutive effect of equity awards

     -       664  

Weighted average shares outstanding - diluted

     43,402       42,783  

Basic (loss) income per share

   $ (0.11 )   $ 0.01  

Diluted (loss) income per share

   $ (0.11 )   $ 0.01  

Shares excluded from diluted (loss) income per share due to their anti-dilutive effect

     3,207       1,167