v3.26.1
Note 19 - Earnings per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 and 2025, respectively, are as follows (in thousands):

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Net income

 $2,028  $18,003  $994  $31,951 
                 

Basic weighted average number of shares outstanding

  113,099   115,445   113,360   115,829 

Effect of dilutive securities:

                

Unvested restricted stock units

  1,319   46   1,663   370 

ESPP shares

  29   18   26   18 

Diluted weighted average number of shares outstanding

  114,447   115,509   115,049   116,217 
                 

Total basic earnings per share

 $0.02  $0.16  $0.01  $0.28 

Total diluted earnings per share

 $0.02  $0.16  $0.01  $0.27 

 

For the three and six months ended June 30, 2026, approximately $4.2 million and $3.7 million outstanding equity awards were excluded respectively, because the exercise price exceeded the average market price of the Company's common stock. For the three and six months ended June 30, 2025, approximately 6.8 million and 5.7 million outstanding equity awards were excluded respectively, because the exercise price exceeded the average market price of the Company's common stock.