Note 8 - Earnings Per Share

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 8 — EARNINGS PER SHARE

Basic earnings per share attributable to the Company’s stockholders is computed by dividing net income or loss attributable to the Company’s stockholders by the weighted average number of shares of common stock outstanding for the period. The Company does not have any equity instruments that are dilutive, except for employee stock-based awards.

The table below shows the reconciliation of the number of shares used in the computation of basic and diluted earnings per share (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Weighted average number of shares used in computation of basic earnings per share		50,933		50,645		50,816		50,627
Add:
Additional shares from the assumed exercise of employee stock options		401		318		308		358
Weighted average number of shares used in computation of diluted earnings per share		51,334		50,963		51,124		50,985

The number of stock-based awards that could potentially dilute future earnings per share and that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive was 2,495 and 388,193 for the three months ended September 30, 2019 and 2018, respectively, and 172,153 and 205,990 for the nine months ended September 30, 2019 and 2018, respectively.