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Note 9 - Shares Outstanding and Earnings Per Share

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

9.     

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)		2016				2015				2016				2015
Weighted average basic shares outstanding			11,216				11,201				11,199				11,198
Assumed exercise of stock options and issuance of stock awards			-				-				-				-
Weighted average diluted shares outstanding			11,216				11,201				11,199				11,198
Net income (loss)		$	3,550			$	(22,260	)		$	2,783			$	(21,191	)
Basic earnings (loss) per share		$	0.32			$	(1.99	)		$	0.25			$	(1.89	)
Diluted earnings (loss) per share		$	0.32			$	(1.99	)		$	0.25			$	(1.89	)
Anti-dilutive securities outstanding			129				-				129				-

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 45
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-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 55
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-URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
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-Section S99
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

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