Note 11 - Shares Outstanding and Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings per share: [Abstract]

Earnings Per Share [Text Block]

11. 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 Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
(in thousands, except per share data)
Weighted average basic shares outstanding		11,062		10,960		11,059		10,956
Assumed exercise of stock options and issuance of stock awards		10		29		8		31
Weighted average diluted shares outstanding		11,072		10,989		11,067		10,987
Net income	$	2,525	$	4,526	$	7,689	$	10,756
Basic earnings per share	$	0.23	$	0.41	$	0.70	$	0.98
Diluted earnings per share	$	0.23	$	0.41	$	0.69	$	0.98
Anti-dilutive securities outstanding		199		178		199		178