Note 10 - Shares Outstanding and Earnings Per Share

9 Months Ended

Sep. 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 Nine Months Ended
	September 30,				September 30,
(in thousands, except per share data)	2014		2013		2014		2013
Weighted average basic shares outstanding		11,120		11,066		11,118		11,061
Assumed exercise of stock options and issuance of stock awards		-		11		1		10
Weighted average diluted shares outstanding		11,120		11,077		11,119		11,071
Net income	$	1,556	$	1,340	$	7,827	$	9,029
Basic earnings per share	$	0.14	$	0.12	$	0.70	$	0.82
Diluted earnings per share	$	0.14	$	0.12	$	0.70	$	0.82
Anti-dilutive securities outstanding		200		199		200		201