Exhibit 99
Statement of Computation of Per Share Earnings
In the three and nine months ended September 30, 2021 and 2020, FutureFuel computed earnings per share using the treasury method.
The composition of basic and diluted earnings per share were as follows:
(Dollars in thousands, except per share amounts)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
Numerator: | ||||||||||||||||
| Net income | $ | 9,202 | $ | 6,890 | $ | 3,910 | $ | 41,092 | ||||||||
Denominator: | ||||||||||||||||
Weighted average shares outstanding – basic | 43,763,243 | 43,743,243 | 43,753,646 | 43,743,243 | ||||||||||||
Effect of dilutive securities: | ||||||||||||||||
Stock options and other awards | - | 2,096 | 63 | 864 | ||||||||||||
Weighted average shares outstanding – diluted | 43,763,243 | 43,745,339 | 43,753,709 | 43,744,107 | ||||||||||||
Basic earnings per share | $ | 0.21 | $ | 0.16 | $ | 0.09 | $ | 0.94 | ||||||||
Diluted earnings per share | $ | 0.21 | $ | 0.16 | $ | 0.09 | $ | 0.94 | ||||||||
