Note 16 - Stock split Subsequent Event

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

(16) Stock Split Subsequent Event

On July 16, 2020, our Board of Directors declared a three-for-two stock split of our common stock, $.01 par value. The stock split will be effected in the form of a 50% stock dividend payable on August 13, 2020 to stockholders of record as of July 30, 2020. Holders of our common stock will receive an additional one-half share for each outstanding share of common stock held as of July 30, 2020. The stock split will increase the number of outstanding shares of common stock from approximately 55.1 million to approximately 82.7 million shares.

To show the effect of the stock split, pro forma basic and diluted earnings per common share and dividends declared per common share amounts are disclosed in the consolidated condensed statements of operations, and basic and diluted weighted average shares outstanding are disclosed in Note 2.