Note 16 - Shares Outstanding and Earnings Per Share

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

16. Shares Outstanding and Earnings Per Share:

Earnings per share have been calculated based on the weighted average number of shares outstanding as set forth below:

	For the years ended December 31,
(in thousands, except per share data)	2022		2021		2020
Weighted average basic shares outstanding		11,551		11,492		11,447
Assumed exercise of stock options and issuance of stock awards		8		11		-
Weighted average diluted shares outstanding		11,559		11,503		11,447
Net income (loss)	$	90,931	$	121,051	$	(5,595	)
Basic earnings (loss) per share	$	7.87	$	10.53	$	(0.49	)
Diluted earnings (loss) per share	$	7.87	$	10.52	$	(0.49	)
Unvested RSUs and PSUs		194		206		235