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Note 19 - Earnings per Share
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

19.

Earnings per share

 

Basic earnings per share attributable to Company stockholders is calculated by dividing net income attributable to the Company by the weighted-average number of common shares outstanding for the period. Diluted earnings per share attributable to Company stockholders is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding, assuming all potentially dilutive shares were issued. We apply the treasury stock method to determine the dilutive weighted average common shares represented by unvested restricted stock units, stock options and Employee Stock Purchase Program (“ESPP”) shares.

 

The calculation of basic and diluted earnings per share attributable to Company stockholders for the three months ended March 31, 2026 and 2025, respectively, are as follows (in thousands):

 

  

Three Months Ended March 31,

 
  

2026

  

2025

 

Net (loss) income

 $(1,034) $13,948 
         

Basic weighted average number of shares outstanding

  113,624   116,218 

Effect of dilutive securities:

        

Unvested restricted stock units

  -   693 

ESPP shares

  -   18 

Diluted weighted average number of shares outstanding

  113,624   116,929 
         

Total basic earnings per share

 $(0.01) $0.12 

Total diluted earnings per share

 $(0.01) $0.12 

 

For the three months ended March 31, 2026, approximately 7.6 million outstanding equity awards were excluded from the computation of diluted loss per share as the effect would be anti-dilutive. For the three months ended March 31, 2025, approximately 2.0 million outstanding equity awards were excluded because the exercise price exceeded the average market price of the Company's common stock.