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Note 13 - Shares Outstanding and Earnings Per Share | 12 Months Ended
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Dec. 31, 2016
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) |  | 2016 |  |  | 2015 |  |  | 2014 |
Weighted average basic shares outstanding |  |  | 11,210 |  |  |  | 11,192 |  |  |  | 11,120 |
Assumed exercise of stock options and issuance of stock awards |  |  | - |  |  |  | - |  |  |  | - |
Weighted average diluted shares outstanding |  |  | 11,210 |  |  |  | 11,192 |  |  |  | 11,120 |
Net income (loss) |  | $ | (1,078 | ) |  | $ | (26,777 | ) |  | $ | (19,064 | )
Basic earnings (loss) per share |  | $ | (0.10 | ) |  | $ | (2.39 | ) |  | $ | (1.71 | )
Diluted earnings (loss) per share |  | $ | (0.10 | ) |  | $ | (2.39 | ) |  | $ | (1.71 | )
Anti-dilutive securities outstanding |  |  | 167 |  |  |  | 125 |  |  |  | 118 |

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