2.4.0.8018 - Disclosure - NOTE 12 - EARNINGS PER SHAREtruefalsefalse1false falsefalseContext_6ME__30-Jun-2013http://www.sec.gov/CIK0000353191duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_EarningsPerShareAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Earnings Per Share [Abstract]2false 2us-gaap_EarningsPerShareTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00<p style="margin: 0px;"><font style="font: 10pt times new roman, times, serif; ; font-family: times new roman,times;" size="2"><b>NOTE 12 &#8211; EARNINGS PER SHARE</b></font></p> <p style="text-align: justify; margin: 0px; font: 10pt times new roman, times, serif;">&#160;</p> <p style="text-align: justify; margin: 0px; font: 10pt times new roman, times, serif;"><font style="font: 10pt times new roman, times, serif; ; font-family: times new roman,times;" size="2">Basic earnings per share (&#8220;EPS&#8221;), which excludes dilution, is computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, result in the issuance of common stock which shares in the earnings of the Company. The treasury stock method has been applied to determine the dilutive effect of stock options in computing diluted EPS. Stock options for 214,302 and 255,285 shares of common stock were not considered in computing diluted earnings per common share for the three months ended June 30, 2013 and 2012 respectively, because they were anti-dilutive. Stock options for 214,302 and 256,285 shares of common stock were not considered in computing diluted earnings per common share for the six months ended June 30, 2013 and 2012 respectively, because they were anti-dilutive.</font></p> <div>&#160;</div> <p style="text-align: justify; margin: 0px; font: 10pt times new roman, times, serif;"></p> <table style="font: 10pt/normal times new roman, times, serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"></td> <td style="padding-bottom: 1pt; color: black; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; color: black; font-weight: bold;" colspan="6"><font style="font-family: times new roman,times;" size="2">Three months ended June 30,</font></td> <td style="text-align: center; color: black; font-weight: bold;"></td> <td style="padding-bottom: 1pt; color: black; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; color: black; font-weight: bold;" colspan="6"><font style="font-family: times new roman,times;" size="2">Six months ended June 30,</font></td> <td style="text-align: center; color: black; font-weight: bold;"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"></td> <td style="padding-bottom: 1pt; color: black; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; color: black; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;" size="2">2013</font></td> <td style="text-align: center; color: black; font-weight: bold;"></td> <td style="padding-bottom: 1pt; color: black; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; color: black; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;" size="2">2012</font></td> <td style="text-align: center; color: black; font-weight: bold;"></td> <td style="padding-bottom: 1pt; color: black; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; color: black; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;" size="2">2013</font></td> <td style="text-align: center; color: black; font-weight: bold;"></td> <td style="padding-bottom: 1pt; color: black; font-weight: bold;"></td> <td style="border-bottom: black 1pt solid; text-align: center; color: black; font-weight: bold;" colspan="2"><font style="font-family: times new roman,times;" size="2">2012</font></td> <td style="text-align: center; color: black; font-weight: bold;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;" size="2">Calculation of basic earnings per share:</font></td> <td></td> <td colspan="3"></td> <td></td> <td colspan="3"></td> <td></td> <td colspan="3"></td> <td></td> <td colspan="3"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt; width: 36%;"><font style="font-family: times new roman,times;" size="2">Numerator - net income</font></td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right; width: 11%;"><font style="font-family: times new roman,times;" size="2">894</font></td> <td style="text-align: left; width: 1%;"></td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right; width: 11%;"><font style="font-family: times new roman,times;" size="2">1,261</font></td> <td style="text-align: left; width: 1%;"></td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right; width: 11%;"><font style="font-family: times new roman,times;" size="2">2,155</font></td> <td style="text-align: left; width: 1%;"></td> <td style="width: 3%;"></td> <td style="text-align: left; width: 1%;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right; width: 11%;"><font style="font-family: times new roman,times;" size="2">1,741</font></td> <td style="text-align: left; width: 1%;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 20pt;"><font style="font-family: times new roman,times;" size="2">Denominator -</font></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 30pt;"><font style="font-family: times new roman,times;" size="2">Weighted average common shares outstanding</font></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,835</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,834</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,835</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,834</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"><font style="font-family: times new roman,times;" size="2">Basic earnings per share</font></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font-family: times new roman,times;" size="2">0.13</font></td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font-family: times new roman,times;" size="2">0.18</font></td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font-family: times new roman,times;" size="2">0.32</font></td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font-family: times new roman,times;" size="2">0.25</font></td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold;"><font style="font-family: times new roman,times;" size="2">Calculation of diluted earnings per share:</font></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 20pt;"><font style="font-family: times new roman,times;" size="2">Numerator - net income</font></td> <td></td> <td style="text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">894</font></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">1,261</font></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">2,155</font></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">1,741</font></td> <td style="text-align: left;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 20pt;"><font style="font-family: times new roman,times;" size="2">Denominator -</font></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"></td> <td style="text-align: left;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 30pt;"><font style="font-family: times new roman,times;" size="2">Weighted average common shares outstanding</font></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">6,835</font></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">6,834</font></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">6,835</font></td> <td style="text-align: left;"></td> <td></td> <td style="text-align: left;"></td> <td style="text-align: right;"><font style="font-family: times new roman,times;" size="2">6,834</font></td> <td style="text-align: left;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 30pt;"><font style="font-family: times new roman,times;" size="2">Dilutive effect of outstanding options</font></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">18</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">15</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">&#8212;</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: white; vertical-align: bottom;"> <td style="text-align: left; text-indent: -10pt; padding-left: 40pt;"><font style="font-family: times new roman,times;" size="2">Weighted average common shares outstanding and common stock equivalents</font></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,853</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,834</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,850</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> <td style="padding-bottom: 1pt;"></td> <td style="border-bottom: black 1pt solid; text-align: left;"></td> <td style="border-bottom: black 1pt solid; text-align: right;"><font style="font-family: times new roman,times;" size="2">6,834</font></td> <td style="text-align: left; padding-bottom: 1pt;"></td> </tr> <tr style="background-color: #eaf9e8; vertical-align: bottom;"> <td style="text-indent: -10pt; padding-left: 40pt;"><font style="font-family: times new roman,times;" size="2">Diluted earnings per share</font></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font-family: times new roman,times;" size="2">0.13</font></td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font-family: times new roman,times;" size="2">0.18</font></td> <td style="text-align: left; padding-bottom: 2.5pt;"></td> <td style="padding-bottom: 2.5pt;"></td> <td style="border-bottom: black 2.5pt double; text-align: left;"><font style="font-family: times new roman,times;" size="2">$</font></td> <td style="border-bottom: black 2.5pt double; text-align: right;"><font style="font-family: times new roman,times;" size="2">0.31</font></td> <td style="text-align: left; 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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