Note 4 - Net Earnings Per Share

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

4

–

NET EARNINGS

PER SHARE

Basic net earnings per share has been computed by dividing net income or loss by the weighted average number of common shares outstanding.  

Diluted net earnings per share has been computed by dividing net earnings by the weighted average common shares outstanding plus dilutive securities or other contracts to issue common stock as if these securities were exercised or converted to common stock.

The following table sets forth the computation of basic and diluted net income or loss per share for the periods indicated, in thousands, except per share amounts.

	Three Months Ended June 30,					Six Months Ended June 30,
	2017		2016			2017		2016
In thousands (except per share amounts):
Net income (loss) (a)	$	59	$	(336	)	$	117	$	(750	)
Weighted average outstanding shares of common stock (b)		2,042		2,042			2,042		2,042
Dilutive potential common shares from employee stock options		—		—			—		—
Common stock and common stock equivalents (c)		2,042		2,042			2,042		2,042
Loss per share:
Basic net income (loss) per share (a)/(b)	$	0.03	$	(0.16	)	$	0.06	$	(0.37	)
Diluted net income (loss) per share (a)/(c)	$	0.03	$	(0.16	)	$	0.06	$	(0.37	)

For the

three

months ended

June 30, 2017

and

2016,

23,000

outstanding stock options were excluded from the calculation of diluted net income per share as their inclusion would have been anti-dilutive.