Note 13 - Earnings Per Share

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

1 3. 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 September 3 0 ,				Nine Months Ended September 3 0 ,
	2017		2016		2017		2016
Basic weighted average shares outstanding		37,718,303		37,595,454		37,693,009		37,634,670
Effect of dilutive securities		202,713		211,965		201,899		197,558
Diluted weighted average shares outstanding		37,921,016		37,807,419		37,894,908		37,832,228

There were

no

antidilutive shares for the

three

or

nine

months ended

September 30, 2017

or

2016.