Note 5 - Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 5. Income (Loss) Per Common Share

We are authorized to issue

750,000,000

shares of common stock,

$0.25

par value per share. At

June 

30,

2017,

there were

402,957,303

shares of our common stock issued and

4,429,844

shares issued and held in treasury, for a net of

398,527,459

shares outstanding.

Diluted income (loss) per share for the

three

and

six

months ended

June 

30,

2017

and

2016

excludes the potential effects of outstanding shares of our convertible preferred stock, as their conversion would have

no

effect on the calculation of dilutive shares.

For the

three

-month period ended

June 

30,

2017,

all restricted share units and deferred shares were excluded from the computation of diluted loss per share, as our reported loss for that period would cause them to have

no

effect on the calculation of loss per share. For the

six

-month period ended

June 

30,

2017,

3,619,975

restricted stock units that were unvested or which vested in the current period and

1,352,470

deferred shares were included in the calculation of diluted income per share. For the

three

-month and

six

-month periods ended

June 

30,

2016,

3,515,356

restricted stock units that were unvested or which vested in the current period and

635,602

deferred shares were included in the calculation of diluted income per share. There were

no

options or warrants outstanding as of

June 

30,

2017

or

June 

30,

2016.