Note 13 - Shares Outstanding and Earnings Per Share

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

13. 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,
(in thousands, except per share data)	2015			2014			2013
Weighted average basic shares outstanding		11,192			11,120			11,065
Assumed exercise of stock options and issuance of stock awards		-			-			9
Weighted average diluted shares outstanding		11,192			11,120			11,074
Net income (loss)	$	(26,777	)	$	(19,064	)	$	7,647
Basic earnings (loss) per share	$	(2.39	)	$	(1.71	)	$	0.69
Diluted earnings (loss) per share	$	(2.39	)	$	(1.71	)	$	0.69
Anti-dilutive securities outstanding		125			118			201