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Note 8 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 8 — EARNINGS PER SHARE


Basic earnings per share attributable to the Company’s stockholders is computed by dividing net income or loss attributable to the Company’s stockholders by the weighted average number of shares of common stock outstanding for the period. The Company does not have any equity instruments that are dilutive, except for employee stock-based awards.


The table below shows the reconciliation of the number of shares used in the computation of basic and diluted earnings per share:


   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2013

   

2012

   

2013

   

2012

 
   

(In thousands)

   

(In thousands)

 

Weighted average number of shares used in computation of basic earnings per share

    45,431       45,431       45,431       45,431  

Add:

                               

Additional shares from the assumed exercise of employee stock-based awards

    17       7       12       7  

Weighted average number of shares used in computation of diluted earnings per share

    45,448       45,438       45,443       45,438  

The number of stock-based awards that could potentially dilute future earnings per share and that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive was 5,302,613 and 5,337,772 for the three months ended June 30, 2013 and 2012, respectively, and 5,371,661 and 5,410,278 for the six months ended June 30, 2013 and 2012, respectively.