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Note 2 - Income Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 2.    Income Per Share


Basic income per share excludes dilution and is computed by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted income per share reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in our earnings. The calculation of diluted income per share excludes a de minimis number of unexercised options and a de minimis number of unvested shares for the three and nine months ended September 30, 2014 and excludes all unexercised options and a de minimis number of unvested shares for the three and nine months ended September 30, 2013, since the effect of any assumed exercise of the related awards would be anti-dilutive. Income per share is the same for both Class A and Class B shares.


The following table sets forth for the periods indicated the calculation of net income per share included in the condensed consolidated statements of operations:


(in thousands except per share data)

 

Three Months ended

September 30,

   

Nine months ended

September 30,

 
   

2014

   

2013

   

2014

   

2013

 

Numerator:

                               

Net income

  $ 1,857     $ 1,973     $ 4,263     $ 1,905  

Denominator:

                               

Denominator for basic earnings per share – weighted-average shares

    14,959       14,864       14,935       14,827  

Effect of dilutive securities:

                               

Equivalent shares issuable upon conversion of unvested restricted stock

    185       179       231       196  

Equivalent shares issuable upon conversion of unvested employee stock options

    1       -       -       -  

Denominator for diluted earnings per share – adjusted weighted-average shares and assumed conversions

    15,145       15,043       15,166       15,023  
                                 

Basic income per share:

  $ 0.12     $ 0.13     $ 0.29     $ 0.13  

Diluted income per share:

  $ 0.12     $ 0.13     $ 0.28     $ 0.13