Note 3 - Net Income Per Share

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

3. NET INCOME PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the three years ended  December 31, 2024 (in thousands, except per share amounts): 

	Year Ended December 31,
	2024		2023		2022
Numerator:
Net income	$	20,007	$	15,213	$	12,091
Denominator:
Weighted-average shares outstanding		30,386		30,571		30,648
Effect of dilutive shares		158		102		69
Weighted-average diluted shares		30,544		30,673		30,717
Net income per share:
Basic	$	0.66	$	0.50	$	0.39
Diluted	$	0.66	$	0.50	$	0.39

Potentially dilutive shares representing 169,000, 252,000, and 183,000 shares of common stock for the years ended December 31, 2024, 2023, and 2022, respectively, were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive.