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Note 10 - Shares Outstanding and Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings per share: [Abstract]  
Earnings Per Share [Text Block]

10.    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

September 30,

   

For the Nine Months Ended

September 30,

 
   

2013

   

2012

   

2013

   

2012

 

(in thousands, except per share data)

                               

Weighted average basic shares outstanding

    11,066       10,961       11,061       10,958  

Assumed exercise of stock options and issuance of stock awards

    11       6       10       9  

Weighted average diluted shares outstanding

    11,077       10,967       11,071       10,967  
                                 

Net income

  $ 1,340     $ 1,639     $ 9,029     $ 12,395  
                                 

Basic earnings per share

  $ 0.12     $ 0.15     $ 0.82     $ 1.13  

Diluted earnings per share

  $ 0.12     $ 0.15     $ 0.82     $ 1.13  
                                 

Anti-dilutive securities outstanding

    199       190       201       189