Note 15 - Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

15. EARNINGS PER SHARE

Basic earnings per share is computed by dividing reported earnings available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing reported earnings available to common stockholders by the weighted average number of common shares outstanding after consideration of the dilutive effect, if any, of the Company’s outstanding common stock options and warrants using the treasury stock method. The following table reflects the calculation of weighted average shares outstanding for the basic and diluted earnings per share calculations for the years ended December 31:

	2013		2012
Basic weighted average shares outstanding		19,845,675		19,302,603
Effect of dilutive securities		1,012,755		1,285,172
Diluted weighted average shares outstanding		20,858,430		20,587,775

The calculation of diluted earnings per share for the year ended December 31, 2013 excluded 42,500 antidilutive stock options.