Note 9 - Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

9. Net Income (Loss) Per Share

The calculations of net income (loss) per share were: 

	Year Ended December 31,
	2023			2022
	(In thousands, except per share data)
Basic:
Net (loss)	$	(9,828	)	$	(14,263	)
Weighted average common shares outstanding		16,221			16,337
Net (loss) per share	$	(0.61	)	$	(0.87	)
Diluted:
Net (loss)	$	(9,828	)	$	(14,263	)
Weighted average common shares outstanding		16,221			16,337
Net (loss) per share	$	(0.61	)	$	(0.87	)

Basic and diluted average common shares outstanding for purposes of computing net income (loss) per share includes outstanding common shares and vested deferred stock units (DSUs).

If an equity method company has dilutive stock options, unvested restricted stock, DSUs, or warrants, diluted net income (loss) per share is computed by first deducting from net income (loss) the income attributable to the potential exercise of the dilutive securities of the company from net income (loss). Any impact is shown as an adjustment to net income (loss) for purposes of calculating diluted net income (loss) per share.

Diluted income (loss) per share for the years ended December 31, 2023 and 2022 do not reflect the following potential shares of common stock that would have an anti-dilutive effect or have unsatisfied performance or market conditions:

• At December 31, 2023 and 2022, options to purchase 8 thousand and 18 thousand shares of common stock, respectively, at a price of $10.37 per share for 2023, and $10.37 to $17.11 per share per share for 2022 were excluded from the calculation.

• At December 31, 2023 and 2022, unvested restricted stock, performance-based stock units and DSUs convertible into 0.2 million and 0.2 million shares of stock, respectively, were excluded from the calculations.