Note 14 - Earnings Per Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

EARNINGS PER SHARE

NOTE 14—EARNINGS (LOSS) PER SHARE

The following table is a calculation of the net earnings (loss) per basic and diluted share:

	Years ended December 31,
(In thousands, except per share amounts)	2021		2020		2019
Numerator
Net income (loss)	$	39,759	$	(4,907)	$	24,934
Denominator
Weighted average shares used to compute basic earnings (loss) per share		43,964		42,460		40,838
Dilutive effect of stock option awards		293		—		—
Weighted average shares used to compute diluted earnings (loss) per share		44,257		42,460		40,838
Earnings (loss) per share
Basic	$	0.90	$	(0.12)	$	0.61
Diluted	$	0.90	$	(0.12)	$	0.61

Diluted EPS for 2020 and 2019 excludes 937,424 options to purchase our common stock because their effect would be anti-dilutive.