Note 16 - Shares Outstanding and Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

16.   Shares Outstanding and Earnings Per Share:

Earnings per share have been calculated based on the weighted average number of shares outstanding as set forth below:

	For the years ended December 31,
	2012		2011		2010
(in thousands, except per share data)
Weighted average basic shares outstanding		10,989		10,937		10,905
Assumed exercise of stock options and issuance of stock awards		6		14		13
Weighted average diluted shares outstanding		10,995		10,951		10,918
Net income	$	2,277	$	24,970	$	2,132
Basic earnings per share	$	0.21	$	2.28	$	0.20
Diluted earnings per share	$	0.21	$	2.28	$	0.20
Anti-dilutive securities outstanding		194		61		101