Note 8 - Earnings Per Share

6 Months Ended

Jun. 30, 2021

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Weighted average number of shares used in computation of basic earnings per share:		55,992		51,043		55,990		51,040
Additional shares from the assumed exercise of employee stock awards		324		319		512		408
Weighted average number of shares used in computation of diluted earnings per share		56,316		51,362		56,502		51,448

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 174.1 thousand and 141.3 thousand for the three months ended June 30, 2021 and 2020, respectively and 16.0 thousand and 132.9 thousand for the six months ended June 30, 2021 and 2020, respectively.