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Note 10 - Shares Outstanding and Earnings Per Share
 3 Months Ended
Mar. 31, 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

March 31,

 

(in thousands, except per share data)

 

2014

   

2013

 

Weighted average basic shares outstanding

    11,089       11,034  

Assumed exercise of stock options and issuance of stock awards

    1       8  

Weighted average diluted shares outstanding

    11,090       11,042  

Net income

  $ 2,777     $ 5,163  

Basic earnings per share

  $ 0.25     $ 0.47  

Diluted earnings per share

  $ 0.25     $ 0.47  

Anti-dilutive securities outstanding

    199       201