Note 10 - Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

10. Earnings (Loss) per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average shares of common stock outstanding during the period, without consideration for common stock equivalents. Prior to the offering, there were

no

common stock equivalents which could have had a dilutive effect on earnings (loss) per share. The Company excluded

398,260

equity awards for the

three

and

nine

months ended

September 30, 2018

as inclusion would be anti-dilutive.

The basic and diluted earnings (loss) per share calculations for the

three

and

nine

months ended

September 

30,

2018

and

2017,

respectively, are presented below (in thousands, except per share amounts):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2018		2017			2018		2017
Net income (loss)	$	16,458	$	(660	)	$	18,875	$	(13,464	)
Net income attributable to noncontrolling interest		329		15			972		95
Net income (loss) attributable to common stockholders	$	16,129	$	(675	)	$	17,903	$	(13,559	)
Basic weighted average of outstanding shares of common stock		48,296		6,385			23,118		6,385
Dilutive effect of equity awards		1,301		-			520		-
Diluted weighted average of outstanding shares of common stock		49,597		6,385			23,638		6,385
Basic earnings (loss) per share	$	0.33	$	(0.11	)	$	0.77	$	(2.12	)
Diluted earnings (loss) per share	$	0.33	$	(0.11	)	$	0.76	$	(2.12	)