Note 15 - Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

15.     Earnings Per Share

The Company calculates basic net income per share by dividing net income for the period by weighted-average shares of common stock outstanding for that period. Diluted net income per share takes into account the effect of dilutive instruments, such as convertible preferred stock, stock options and unvested restricted or performance stock, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding. There were no dilutive instruments for the nine months ended September 30, 2014 and 2013.

The following table presents the computation of basic and dilutive net income per share for the periods indicated (dollar amounts in thousands, except per share amounts):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
Numerator:
Net income attributable to common stockholders– Basic	$	38,272	$	16,933	$	89,856	$	43,553
Net income attributable to common stockholders– Dilutive		38,272		16,933		89,856		43,553
Denominator:
Weighted average basic shares outstanding		90,685		63,755		85,018		57,493
Weighted average dilutive shares outstanding		90,685		63,755		85,018		57,493
EPS:
Basic EPS	$	0.42	$	0.27	$	1.06	$	0.76
Dilutive EPS	$	0.42	$	0.27	$	1.06	$	0.76