Note 10 - Shares Outstanding and Earnings Per Share

6 Months Ended

Jun. 30, 2014

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				For the Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2014		2013		2014		2013
Weighted average basic shares outstanding		11,089		11,062		11,089		11,059
Assumed exercise of stock options and issuance of stock awards		-		10		1		8
Weighted average diluted shares outstanding		11,089		11,072		11,090		11,067
Net income	$	3,494	$	2,525	$	6,271	$	7,689
Basic earnings per share	$	0.32	$	0.23	$	0.57	$	0.70
Diluted earnings per share	$	0.32	$	0.23	$	0.57	$	0.69
Anti-dilutive securities outstanding		200		199		200		199