Note 14 - Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

14. 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:

	Three Months Ended March 31,
	2015		2014
Basic weighted average shares outstanding		33,371,946		22,268,376
Effect of dilutive securities		179,830		--
Diluted weighted average shares outstanding		33,551,776		22,268,376

All share amounts have been adjusted to give effect to the 11% common stock dividend paid by the Company in December 2014. The calculation of diluted earnings per share for the three months ended March 31, 2014 excluded the following antidilutive securities: warrants representing 1,525,009 shares, stock options representing 239,760 shares, and RSUs representing 97,809 shares.