Note 10 - Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 10 –EARNINGS (LOSS) Per Share

Basic earnings (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive stock options and restricted stock. The computation of diluted earnings (loss) per share does not assume conversion, exercise, or contingent issuance of securities that would have an antidilutive effect on income (loss) per share. 

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2015		2014
Numerator:
Net income (loss)	$	1,116	$	(1,589	)
Denominator:
Denominator for basic earnings (loss) per share – weighted average shares		10,395		10,339
Effect of dilutive securities:
Employee stock options and restricted stock		121		--
Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion		10,516		10,339
Basic earnings (loss) per share	$	0.11	$	(0.15	)
Diluted earnings (loss) per share	$	0.11	$	(0.15	)
Weighted average anti-dilutive employee stock options and restricted stock		39		11