Note 8 - Earning Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 8. - EARNINGS PER SHARE

Basic earnings per share are computed by dividing reported earnings available to common shareholders by weighted average common shares outstanding.  Diluted earnings per share give effect to dilutive potential common shares. Earnings per share are calculated as follows (in thousands, except per share data):

	Three months ended September 30,					Nine months ended September 30,
	2013		2012			2013			2012
Basic net income (loss) per share:
Net income (loss)	$	76	$	(541	)	$	(2,229	)	$	(2,592	)
Weighted average common shares outstanding		7,009		7,000			7,005			6,965
Basic net income (loss) per share	$	0.01	$	(0.08	)	$	(0.32	)	$	(0.37	)
Diluted net income (loss) per share:
Net income (loss)	$	76	$	(541	)	$	(2,229	)	$	(2,592	)
Weighted average common shares outstanding		7,009		7,000			7,005			6,965
Dilutive stock options		229		-			-			-
Weighted average common shares outstanding – assuming dilution		7,238		7,000			7,005			6,965
Diluted net income (loss) per share	$	0.01	$	(0.08	)	$	(0.32	)	$	(0.37	)
Outstanding stock options that were not included in the diluted calculation because their effect would be anti-dilutive		577		717			664			713