Note 7 - Earnings Per Share

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 7 — 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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Weighted average number of shares used in computation of basic earnings per share add:		51,043		50,800		51,040		50,757
Additional shares from the assumed exercise of employee stock options		319		294		408		301
Weighted average number of shares used in computation of diluted earnings per share		51,362		51,094		51,448		51,058

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 141,328 and 174,334 for the three months ended June 30, 2020 and 2019, respectively, and 132,941 and 228,775 for the six months ended June 30, 2020 and 2019, respectively.