Note 16 - Earnings Per Share

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

16. 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:

	2016		2015		2014
Basic weighted average shares outstanding		37,629,975		34,526,622		28,410,579
Effect of dilutive securities		202,761		169,140		472,532
Diluted weighted average shares outstanding		37,832,736		34,695,762		28,883,111

The calculation of diluted securities for the year ended

December

31,

2014

excluded antidilutive stock options representing

47,221

shares. There were

no

antidilutive securities for the years ended

December

31,

2016

and

2015.