Note 16 - Earnings Per Share

12 Months Ended

Dec. 31, 2017

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:

	201 7		201 6		201 5
Basic weighted average shares outstanding		37,706,312		37,629,975		34,526,622
Effect of dilutive securities		211,945		202,761		169,140
Diluted weighted average shares outstanding		37,918,257		37,832,736		34,695,762

There were

no

antidilutive securities for the years ended

December 31,

2017,

2016

or

2015.