Note 8 - Earnings Per Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 8 — EARNINGS PER SHARE

Basic earnings per share attributable to the Company’s stockholders is computed by dividing net income or loss attributable to the Company’s stockholders by the weighted average number of shares of common stock outstanding for the period. The Company does not have any equity instruments that are dilutive, except for employee stock-based awards.

The table below shows the reconciliation of the number of shares used in the computation of basic and diluted earnings per share (in thousands):

	Three Months Ended March 31,
	2022		2021
Weighted average number of shares used in computation of basic earnings per share:		56,063		55,988
Additional shares from the assumed exercise of employee stock awards		303		747
Weighted average number of shares used in computation of diluted earnings per share		56,366		56,735

The number of stock-based awards that could potentially dilute future earnings per share and that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive was 207.4 thousand and 298.7 thousand for the three months ended March 31, 2022 and 2021, respectively.