Note 7 - Earnings Per Share

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

7. Earnings Per Share

The Company calculates basic and diluted earnings per share in accordance with Accounting Standards Codification (“ASC”) No. 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 common shares outstanding for the period. Diluted earnings per share is calculated by dividing earnings by the weighted-average number of common 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:

	Three Months Ended March 31,
	2025			2024
Basic Earnings (Loss) per Share:
Net loss — basic	$	(11,730	)	$	(10,338	)
Weighted average shares outstanding — basic		21,521			20,730
Basic loss per share	$	(0.55	)	$	(0.50	)
Diluted Earnings (Loss) per Share:
Net loss — diluted	$	(11,730	)	$	(10,338	)
Weighted average shares outstanding — diluted		21,521			20,730
Diluted loss per share	$	(0.55	)	$	(0.50	)

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

	Three Months Ended March 31,
	2025		2024
Anti-dilutive shares due to net loss		119		206