Note 2 - Computation of Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

2. Computation of Earnings (Loss) Per Share

The following table sets forth the components used in the computation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2021 and 2020:

	Three Months Ended June 30,					Six Months Ended June 30,
	2021		2020			2021		2020
	(Dollars in thousands, except per share amounts)
Numerator:
Net income (loss)	$	4,774	$	(24,293	)	$	5,327	$	(32,769	)
Denominator:
Basic weighted-average shares outstanding		18,075,687		18,341,549			18,092,259		19,146,687
Effect of dilutive shares:
Stock options and unvested restricted stock units		370,328		—			339,017		—
Diluted weighted-average shares outstanding		18,446,015		18,341,549			18,431,276		19,146,687
Basic earnings (loss) per share	$	0.26	$	(1.32	)	$	0.29	$	(1.71	)
Diluted earnings (loss) per share	$	0.26	$	(1.32	)	$	0.29	$	(1.71	)
Antidilutive stock options and unvested restricted stock units not included in diluted earnings (loss) per share		1,204,108		1,897,100			1,220,695		1,841,463