Note 4 - Earnings Per Share

6 Months Ended

Jun. 30, 2014

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,
	2014		2013		2014		2013
Numerator:
Numerator for basic and diluted earnings per share –
Net income available to common shareholders	$	19,838	$	5,632	$	31,852	$	19,179
Denominator–
Denominator for basic earnings per share – weighted average shares outstanding		39,751		39,552		39,544		39,337
Effect of dilutive securities–
Employee and director stock options and restricted share awards		1,098		1,029		1,138		1,109
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		40,849		40,581		40,682		40,446
Basic earnings per common share	$	.50	$	.14	$	.81	$	.49
Diluted earnings per common share and common share equivalents	$	.49	$	.14	$	.78	$	.47

Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2014, and 2013, that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Options		721		924		576		924
Total anti-dilutive securities		721		924		576		924