Note 4 - Earnings Per Share

3 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

4.             EARNINGS PER SHARE

In accordance with Accounting Standards Codification (“ASC”) 260, the Company has evaluated its diluted income per share calculation. The Company had outstanding stock compensation at December 31, 2012 and outstanding warrants and stock options at December 31, 2011 which were not included in the determination of diluted income per share because these shares were anti-dilutive.

The following is the diluted impact of the stock options on net income per share for the three months ended December 31, 2012 and 2011 respectively:

	Three months ended December 31,
	2012		2011
Numerators:
Net income	$	2,977	$	9,703
Denominators:
Average shares outstanding – basic		34,355		34,368
Impact of stock options		57		23
Average shares outstanding – diluted		34,412		34,391
Basic income per share	$	0.09	$	0.28
Diluted income per share	$	0.09	$	0.28