Note 6 - Earnings Per Share

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

(6) Earnings Per Share

The Company calculates basic and diluted earnings per share in accordance with ASC 260 “Earnings Per Share,” using the treasury stock method. 

Basic earnings per share excludes dilution and is calculated by dividing earnings by the weighted-average number of shares outstanding for the period. Diluted earnings per share is calculated by dividing earnings by the weighted-average number of shares, as adjusted for the potentially dilutive effect of unvested RSUs and PRSUs. The dilutive effect of unvested RSUs and PRSUs is determined using the treasury stock method. RSAs are included in shares outstanding on the date of grant.

The following table reconciles earnings (loss) per share:

	Year Ended December 31,
	2024			2023
Basic Earnings (Loss) per Share:
Net loss — basic	$	(39,010	)	$	(45,959	)
Weighted average shares outstanding — basic		21,261			20,322
Basic loss per share	$	(1.83	)	$	(2.26	)
Diluted Earnings (Loss) per Share:
Net loss — diluted	$	(39,010	)	$	(45,959	)
Weighted average shares outstanding — diluted		21,261			20,322
Diluted loss per share	$	(1.83	)	$	(2.26	)

The following table indicates the common stock equivalents related to unvested RSUs and PRSUs that were anti-dilutive and excluded from diluted earnings (loss) per share calculations:

	Year Ended December 31,
	2024		2023
Anti-dilutive shares due to net loss		102		134