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Note 8 - Earnings Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 8 — EARNINGS PER SHARE


Basic earnings per share attributable to the Company’s stockholders (“earnings per share”) 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,

 
   

2014

   

2013

   

2014

   

2013

 
   

(In thousands)

   

(In thousands)

 

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

    45,606       45,431       45,545       45,431  

Add:

                               

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

    357       17       282       12  

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

    45,963       45,448       45,827       45,443  

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 3,085,713 and 5,302,613 for the three months ended June 30, 2014 and 2013, respectively, and 3,265,338 and 5,371,661 for the six months ended June 30, 2014 and 2013, respectively.