Note 4 - Earnings Per Share

3 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

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, 2013 and outstanding warrants and stock compensation at December 31, 2012 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 (loss) per share for the three months ended December 31, 2013 and 2012, respectively, (in thousands, except per share amounts):

	Three months ended December 31,
	2013			2012
Numerators:
Net (loss) income	$	(2,264	)	$	2,977
Denominators:
Average shares outstanding – basic		34,394			34,355
Impact of stock options		-			57
Average shares outstanding – diluted		34,394			34,412
Basic (loss) income per share	$	(0.07	)	$	0.09
Diluted (loss) income per share	$	(0.07	)	$	0.09