v3.25.1
Note 9 - Earnings per Share
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9 - Earnings per Share

 

We calculate basic earnings per share by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding. We do not include the impact of any potentially dilutive common stock equivalents in our basic earnings per share calculations. Diluted earnings per share reflect the potential dilution of securities that could share in our earnings through the conversion of common shares issuable via outstanding stock options and unvested restricted shares, except where their inclusion would be anti-dilutive. Outstanding common stock equivalents at  March 31, 2025 and  March 31, 2024 totaled approximately 109 thousand and 165 thousand, respectively.

 

We use the treasury stock method to calculate the diluted common shares outstanding which were as follows:

 

  

Three months ended

 

(in thousands)

  March 31, 2025   March 31, 2024 

Weighted average number of common shares used in basic net income per common share

  13,925   13,800 

Dilutive effects of unvested restricted stock and stock options

  55   86 

Weighted average number of common shares used in diluted net income per common share

  13,980   13,886