Note 16 - Average Share Information

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

16.     Average Share Information

The following table summarizes the reconciliation of denominators of the basic and diluted net income (loss) per common share computations for the periods indicated.

	For the three months ended September 30,				For the nine months ended September 30,
	2013		2012		2013		2012
Weighted average common shares outstanding - basic		12,663,162		12,640,517		12,655,473		12,638,838
Dilutive impact resulting from potential common share issuances		77,751		-		60,896		-
Weighted average common shares outstanding - diluted		12,740,913		12,640,517		12,716,369		12,638,838
Per share data
Net income (loss) - basic	$	1.76	$	0.25	$	2.05	$	(0.36	)
Net income (loss) - diluted		1.75		0.25		2.04		(0.36	)

For the nine months ended September 30, 2013, potential common share issuances related to stock options were excluded from the computation of diluted net income per share as inclusion would be anti-dilutive.

There was no dilutive impact from stock options to be included in weighted average shares for the three months ended September 30, 2012 because there were no outstanding stock option awards for which the strike price exceeded the market price of the Company’s common stock. In addition, there was no impact on diluted shares outstanding from restricted stock for the three months ended September 30, 2012 because outstanding restricted stock awards were anti-dilutive or subject to performance conditions. In addition, no potential common shares were included in the computation of the diluted loss per share amount for the nine months ended September 30, 2012 as inclusion would be anti-dilutive given the Company’s net loss during the period.