Note 8 - Earnings Per Share

3 Months Ended

Mar. 31, 2017

NOTE

— 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 March 31,
	2017		2016

Weighted average number of shares used in computation of basic earnings per share		49,680		49,173
Add:
Additional shares from the assumed exercise of employee stock options		811		609

Weighted average number of shares used in computation of diluted earnings per share		50,491		49,782

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

11,491

and

177,978

for the

three

months ended

March

31,

2017

and

2016,

respectively.