Note 6 - Earnings Per Share |
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| Earnings Per Share [Text Block] |
6. EARNINGS PER SHARE
Basic earnings per share is computed by dividing the net income available to common shareholders for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing the net income available to common shareholders for the period by the weighted average number of potentially dilutive common and common equivalent shares outstanding during the period. Common equivalent shares are composed of incremental common shares issuable upon the exercise of stock options and RSUs subject to vesting. The dilutive effect of common equivalent shares is included in diluted earnings per share by application of the treasury stock method. The total number of common equivalent shares excluded from the calculations of diluted earnings per share, due to their anti-dilutive effect or contingent performance conditions, was approximately 562,000 and 224,000 for the three months ended September 30, 2026 and 2025, respectively, and 450,000 and 171,000 for the nine months ended September 30, 2026 and 2025, respectively.
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
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