Note 4 - Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share information):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	5,632	$	17,422	$	19,179	$	33,328
Denominator– Denominator for basic earnings per share – weighted average shares outstanding		39,552		38,675		39,337		38,531
Effect of dilutive securities– Employee and director stock options and restricted share awards		1,029		869		1,109		1,074
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		40,581		39,544		40,446		39,605
Basic earnings per common share	$	.14	$	.45	$	.49	$	.86
Diluted earnings per common share and common share equivalents	$	.14	$	.44	$	.47	$	.84

Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2013 and 2012 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Options		924,158		1,373,860		924,158		1,126,795
Total anti-dilutive securities		924,158		1,373,860		924,158		1,126,795