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Note 14 - Earnings Per Share | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Earnings Per Share [Text Block] |
14. | EARNINGS PER SHARE
Basic earnings per common share was computed by dividing net income by the weighted average number of shares outstanding during the period. Diluted earnings per common share was calculated as follows:
|  | For the Year Ended December 31, |
|  | 201 9 |  |  | 201 8 |  |  | 201 7 |
|  | (in thousands, except per share data) |
Net income |  | $ | 7,900 |  |  | $ | 23,994 |  |  | $ | 38,899 |
Basic weighted average common shares outstanding |  |  | 5,832 |  |  |  | 6,083 |  |  |  | 6,331 |
Dilutive effect of common stock equivalents |  |  | 48 |  |  |  | 76 |  |  |  | 67 |
Diluted weighted average common shares outstanding |  |  | 5,880 |  |  |  | 6,159 |  |  |  | 6,398 |
Basic earnings per share |  | $ | 1.35 |  |  | $ | 3.94 |  |  | $ | 6.14 |
Diluted earnings per share |  | $ | 1.34 |  |  | $ | 3.90 |  |  | $ | 6.08 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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