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Note 8 - Earnings Per Share
9 Months Ended
Sep. 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 September 30,

   

Nine Months Ended September 30,

 
   

2014

   

2013

   

2014

   

2013

 
   

(In thousands)

   

(In thousands)

 

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

    45,690       45,438       45,594       45,433  

Add:

                               

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

    412       56       323       21  

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

    46,102       45,494       45,917       45,454  

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 3,344,331 and 4,999,298 for the three months ended September 30, 2014 and 2013, respectively, and 3,257,456 and 5,312,238 for the nine months ended September 30, 2014 and 2013, respectively.