Note 12 - Share-based Compensation

3 Months Ended

Mar. 31, 2024

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, 2024 and March 31, 2023 and no stock options were outstanding as of March 31, 2024 or March 31, 2023.

The following table summarizes the Company’s restricted stock unit and performance award activity during the three months ended March 31, 2024: 

				Weighted Average
	Number of			Grant-Date Fair Value
	Shares			Per Share
Unvested as of December 31, 2023		687,206		$	3.03
Vested		(1,398	)	$	3.43
Unvested as of March 31, 2024		685,808		$	3.03

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, 2024 and 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, 2024 and 2023, as follows: 

	Three Months Ended March 31,
	2024		2023
Share-based compensation expense:
Cost of sales	$	29	$	23
Selling, general and administrative		196		155
Net effect of share-based compensation expense on net income	$	225	$	178
Reduction in earnings per share:
Basic earnings per share	$	0.01	$	0.01
Diluted earnings per share	$	0.01	$	0.01