Note 12 - Share-based Compensation

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

NOTE 12 — SHARE-BASED COMPENSATION 

There was no stock option activity during the three months ended March 31, 2023 and no stock options were outstanding as of March 31, 2023. 

The following table summarizes the Company’s restricted stock unit and performance award activity during the three months ended March 31, 2023: 

			Weighted Average
	Number of		Grant-Date Fair Value
	Shares		Per Share
Unvested as of December 31, 2022		822,737	$	2.37
Granted		1,398	$	3.43
Unvested as of March 31, 2023		824,135	$	2.37

Under certain situations, shares are withheld from issuance to cover taxes for the vesting of restricted stock units and performance awards. For the three months ended March 31, 2023, no shares were withheld to cover tax obligations. 

The following table summarizes share-based compensation expense included in the Company’s condensed consolidated statements of operations for the three months ended March 31, 2023 and 2022, as follows: 

	Three Months Ended March 31,
	2023		2022
Share-based compensation expense:
Cost of sales	$	23	$	24
Selling, general and administrative		155		168
Net effect of share-based compensation expense on net income	$	178	$	192
Reduction in earnings per share:
Basic earnings per share	$	0.01	$	0.01
Diluted earnings per share	$	0.01	$	0.01