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Note 10 - Earnings Per Share
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
EARNINGS PER SHARE.

NOTE 10—EARNINGS PER SHARE

The following is the computation of basic and diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 

 

(In thousands, except per share amounts)

    

2021

    

2020

 

Numerator

 

 

  

 

 

  

 

Net income

 

$

4,143

 

$

1,962

 

Denominator

 

 

 

 

 

 

 

Weighted average shares used to compute basic EPS

 

 

43,443

 

 

41,760

 

Dilutive effect of stock-based awards

 

 

 —

 

 

 —

 

Weighted average shares used to compute diluted EPS

 

 

43,443

 

 

41,760

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

Basic

 

$

0.10

 

$

0.05

 

Diluted

 

$

0.10

 

$

0.05

 

 

Diluted EPS in each of the three months ended March 31, 2021 excludes 937,424 options to purchase our common stock because their effect would be anti-dilutive.