v3.26.3
Note 2 - Income Per Share
 9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 2.

Income Per Share

 

Basic income per share excludes dilution and is computed by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted income per share reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in our earnings. Income per share is the same for both Class A and Class B shares.

 

The following table sets forth, for the periods indicated, the calculation of net income per share included in the condensed consolidated statements of operations:

 

(in thousands except per share data)

 

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2026

  

2025

  

2026

  

2025

 

Numerator:

                

Income from continuing operations

 $10,704  $6,264  $23,659  $22,667 

Income from discontinued operations

  -   2,829   -   2,829 

Net income

 $10,704  $9,093  $23,659  $25,496 

Denominator:

                

Denominator for basic income per share – weighted-average shares

  25,383   25,030   25,229   25,872 

Effect of dilutive securities:

                

Equivalent shares issuable upon conversion of unvested restricted shares

  74   120   105   137 

Equivalent shares issuable upon conversion of vested employee stock options

  1,146   1,151   1,225   1,147 

Denominator for diluted income per share adjusted weighted-average shares and assumed conversions

  26,603   26,301   26,559   27,156 
                 

Net income per share:

                

Income from continuing operations

 $0.42  $0.25  $0.94  $0.88 

Income from discontinued operations

  -   0.11   -   0.11 

Basic income per share

 $0.42  $0.36  $0.94  $0.99 

Diluted income per share: (1)

                

Income from continuing operations

 $0.40  $0.24  $0.89  $0.83 

Income from discontinued operations

  -   0.11   -   0.10 

Diluted income per share

 $0.40  $0.35  $0.89  $0.94 

 

There were no unvested restricted shares and no vested or unvested employee stock options excluded from the calculation of diluted earnings per share as anti-dilutive for the three and nine months ended September 30, 2026 and 2025.