Note 3 - Net Income Per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 3 – Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share is computed using the treasury stock method to compute the weighted average common stock outstanding assuming the conversion of potential dilutive common shares.

The following table presents a reconciliation of the denominators used in the computation of net income per common share – basic, and net income per common share – diluted, for the three and six-month periods ended June 30, 2014 and 2013:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Weighted shares of common stock outstanding – basic		5,655,146		5,537,677		5,648,025		5,529,430
Dilutive impact of share-based awards		119,602		134,168		122,182		139,586
Weighted shares of common stock outstanding – diluted		5,774,748		5,671,845		5,770,207		5,669,016

Outstanding stock options totaling 116,550 for the three-month period ended June 30, 2014 and 256,375 for the three and six-month periods ended June 30, 2013 were excluded from the net income per common share calculation because the shares would be anti-dilutive.