Note 2 - Income (Loss) Per Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 2. Income (Loss) Per Share

Basic income (loss) per share excludes dilution and is computed by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted income (loss) per share reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in our earnings. There were

no

anti-dilutive shares for the

three

months ended

March 31, 2019

. There were

no

outstanding stock options at

March 31, 2019

. Income per share is the same for both Class A and Class B shares.

The following table sets forth for the periods indicated the calculation of net income per share included in the condensed consolidated statements of operations:

(in thousands except per share data)
	2019		2018
Numerator:
Net income	$	4,433	$	4,417
Denominator:
Denominator for basic income per share – weighted-average shares		18,381		18,331
Effect of dilutive securities:
Equivalent shares issuable upon conversion of unvested restricted shares		152		75
Denominator for diluted income per share adjusted weighted-average shares and assumed conversions		18,533		18,406
Net income per share:
Basic and diluted income per share	$	0.24	$	0.24