Note 14 - Earnings Per Share

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

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 June 30,				Six Months Ended June 3 0 ,
	2016		2015		2016		2015
Basic weighted average shares outstanding		37,568,274		33,375,753		37,654,494		33,373,859
Effect of dilutive securities		204,685		145,737		190,064		162,200
Diluted weighted average shares outstanding		37,772,959		33,521,490		37,844,558		33,536,059